I Squared Capital agreed on 7 January to acquire Ramudden Global, an international provider of temporary traffic management and infrastructure safety services, from funds advised by Triton.
Why I Squared Capital is buying Ramudden Global
I Squared described Ramudden as one of the clear market leaders in its main geographies, with demand underpinned by road and infrastructure maintenance spending in Europe and North America.
“Ramudden Global is one of the clear market leaders across its key geographies”
Deal terms and financing
Financial terms were not disclosed. IPE Real Assets reported, citing industry sources, that the price was close to €2.5bn, and that Triton had an option to reinvest up to 20% of the equity as a new commitment.
Regulatory approvals and timing
Completion was expected in the first half of 2026, subject to customary regulatory approvals and closing conditions. Neither I Squared nor Triton had announced completion as of October 2026.
Market context
Triton acquired Ramudden in Sweden in December 2017 and added platforms including AVS in Germany, Chevron in the UK, Fero in Belgium and the Netherlands, RSG International in Canada and Curtin in the United States. About two-thirds of operations are in Europe and annual turnover exceeds €1bn.
