White Rock Advisors, LLC is pleased to announce it recently advised the shareholders of Electronic Transaction Consultants Corporation (“ETCC”) of Richardson, Texas on the sale of a minority interest to Autostrade International U.S. Holdings, Inc. (“Autostrade”) of Roma, Italy.
ETCC provides innovative toll collection solutions as well as providing service for large-scale electronic toll collection systems. ETCC was responsible for the system design and integration for the first all-electronic, open road tolling (ORT) facility in the US.
Autostrade is an indirect wholly owned subsidiary of Atlantia S.p.A., one of the largest toll operators in the world. Autostrade made the purchase of ETCC in order to pursue public private partnership opportunities in the U.S. A team from White Rock Advisors, led by Simon Martin and Greg Hext, advised management of ETCC throughout the sales process.