News / Insights

CDI Global Italy Advises Transportation Tech Sale

CDI Global Italy, in partnership with JD Merit, an American affiliate of CDI Global, have successfully advised Electronic Transaction Consultants Corporation (ETC) during their acquisition by Align Capital Partners from their Italian parent company Atlantia SpA.

Founded in Texas in 1999, ETC is a technology solutions provider that utilizes artificial intelligence (AI) and big data to meet the needs of the tolling and transportation industries. As the amount of toll roads is expected to grow in the United States over the next five years, ETC is well positioned to provide solutions that improve toll-collection efficiency, data capture, and transaction processing. With Align Capital, there is opportunity to expand their customer base to additional urban mobility markets.

Joe Durnford, Chairman of JD Merit, commented, “We were thrilled to facilitate the divestiture of ETC from Atlantia to create significant shareholder liquidity, while simultaneously positioning ETC for growth with a committed capital partner. JD Merit, together with our partners at CDI Global, Italy, managed a robust process that garnered interest from both strategic and financial buyers. After analyzing dozens of offers, Atlantia selected Align Capital due to ACP’s creative approach to completing the purchase in the midst of global travel restrictions, uncertain credit markets, and complex industry dynamics.”

“We were excited to find a growth-oriented company to invest in the innovative toll collection technology ETC has created,” said Cesare Tocchio, Managing Partner at CDI Global Italy and one of the lead advisors to ETC. “With Align Capital targeting the American state and local government technology space, the company was a good fit to further expand ETC into new and adjacent markets.”

JD Merit served as the principal advisor to ETC throughout the process, working in tandem with CDI Global Italy’s Cesare Tocchio and Massimiliano Morpurgo. CDI Global specializes in cross-border transactions, providing local expertise and industry specialization from their extensive network of global offices.

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