CVC DIF has sold American Roads, a key operator of tolled transportation assets in the U.S., to John Laing Group, marking a strategic exit that reflects the sustained investor demand for long-duration infrastructure assets with stable cash flows.

Information on the target

American Roads is a prominent operator of tolled transportation assets in the United States, managing four key infrastructure projects. The platform includes three bridges located in Alabama, which possess perpetual operating rights, and the concession lease for the American side of the Detroit–Windsor Tunnel. This tunnel serves as a vital international border crossing between the United States and Canada, facilitating significant traffic flow. Collectively, these assets support approximately seven million trips annually, underscoring their importance in regional transportation.

Since its acquisition by CVC DIF in 2018 through the DIF Infrastructure V fund, American Roads has undergone a comprehensive value creation strategy. This strategy has focused on operational optimization, active asset management, and strategic capital structuring, ensuring the platform's resilience and growth potential in a competitive market.

Industry overview in the target’s specific country

The infrastructure sector in the United States is characterized by a diverse range of assets, including transportation, utilities, and digital infrastructure. With increasing urbanization and population growth, the demand for