Thursday, August 4, 2022
Maynard Deal Team Represented Southern Traffic Services in its Sale to Rekor Systems
A Maynard deal team represented Southern Traffic Services, Inc. (STS) in its sale to Rekor Systems, a publicly traded company in the intelligent infrastructure space. STS, specializing in traffic data collection and design, planning, and traffic study services for the U.S. Government and private agencies, will operate as a business unit within Rekor.
The combined company is uniquely positioned to become the leading provider of artificial intelligence- and machine learning-driven solutions for traffic management, urban mobility, and public safety.
The deal team was led by Mike Johnson and included Spencer Newman and Andy Donovan.
Maynard’s Mergers & Acquisitions Group encompasses over 40 attorneys. The firm has extensive experience in representing and advising purchasers and sellers of publicly and privately held companies in a wide variety of negotiated transactions, such as mergers, spinoffs, recapitalizations, and leveraged buyouts. Our attorneys have successfully completed transactions in a variety of industries including banking, insurance services, broker-dealers and investment advisors, manufacturing, distribution services, healthcare, biotechnology, computer hardware and software, technology, telecommunications, agriculture and forestry, and natural resources and mining.