John Laing agrees to acquire US road transportation platform from CVC DIF
John Laing Group (“John Laing”), a leading international investor and active manager of infrastructure projects, has agreed to acquire 100% of American Roads, an established US transportation platform comprising four operational toll assets in Michigan and across Alabama.
The portfolio includes:
- Detroit – Windsor Tunnel (DWT) – American Roads holds the concession for a major cross border tunnel connecting Detroit, USA and Windsor, Canada
- Three Alabama toll bridges – the Tuscaloosa Bypass (TBP), Emerald Mountain Expressway (EMX) and Montgomery Expressway (MEX) – toll bridges offering an alternative solution for commuters
These assets provide critical connectivity for commuters and regional businesses that improve reliability and keep people and freight moving on the roads.
This acquisition reflects John Laing’s strategy to further expand its presence across US transportation infrastructure and diversify its portfolio, which includes:
- I-77 Express Lanes Project, North Carolina
- I-75 Modernization Project, Michigan
- I-4 Ultimate Improvement Project, Florida
- Denver Eagle P3 Project, Colorado
The acquisition also marks John Laing’s first operational transportation platform in the US and reinforces its commitment to infrastructure delivery in a key growth market, where John Laing remains an active partner in the future of US road transport. This includes expanding its capabilities as well as continuing to pursue new greenfield transportation opportunities, particularly in the Managed Lanes sector.
Andrew Truscott, Chief Executive Officer at John Laing, said: “Expanding our US presence through the acquisition of American Roads is a clear signal of John Laing’s long-term commitment to transportation infrastructure and growth in the US. Underpinned by long-established operations, strong local partnerships, and a critical role in improving mobility, this platform is an excellent strategic fit for us. We will be delighted to welcome the American Roads Management Team and assets into the John Laing portfolio.”
Anthony Phillips, Global Head of PPPs & Head of Americas commented: “American Roads is a highly credible and operationally strong platform, and we look forward to working closely with its team, partners and local communities. We bring decades of experience in managed lanes, highways and P3s, and will continue to apply best practice and active stewardship to reduce congestion and support sustainable transport networks across the US.”
The transaction is subject to customary regulatory approvals and other closing conditions, including antitrust clearance in the US.
John Laing was advised by Agentis Capital Advisors, Hunton Andrews Kurth LLP, Steer, Alvarez & Marsal, and American Global.
