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SCOTTSDALE - American Traffic Solutions Inc. announced Thursday that investment bank Goldman Sachs Group Inc. has acquired a minority stake.
The Scottsdale-based photo-enforcement company, which is privately held, declined to disclose the amount invested. It said the funds would be used to support growth in its traffic safety enforcement and electronic toll payment businesses.
'Our relationship with Goldman Sachs will provide a strong platform and access to capital resources that will enable ATS to continue on our amazing growth trajectory,' chief executive officer Jim Tuton said in a statement

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