CVC DIF to sell American Roads to John Laing

By Global Infrastructure Sherpa · Feb 13, 2026

Divestiture OtherRoads signed Detroit, Alabama, Michigan, United States

operating

Stage

American Roads

Project

CVC DIF has agreed to sell American Roads to John Laing Group. American Roads owns and operates four tolled transportation facilities, including three bridges in Alabama and the American-side concession of the Detroit-Windsor Tunnel. CVC DIF acquired American Roads in 2018 and has since focused on strengthening the platform’s operational resilience and positioning the assets for sustainable long-term growth. The transaction is subject to customary regulatory approvals and other closing conditions, including required antitrust clearances in the United States.

Deal Analysis

CVC DIF's divestiture of American Roads to John Laing Group represents a strategic shift in CVC DIF's portfolio, following their acquisition of the company in 2018. The sale encompasses four tolled transportation facilities, including key infrastructure assets like bridges in Alabama and the Detroit-Windsor Tunnel concession. CVC DIF's focus during their ownership was on enhancing operational resilience and positioning the assets for long-term growth, suggesting a value-add strategy prior to the sale. The involvement of Macquarie Capital as an advisor further underscores the significance of the transaction. John Laing Group's acquisition of American Roads signals their continued investment in North American infrastructure assets. The deal, subject to regulatory approvals, highlights the ongoing demand for operating transportation infrastructure. The presence of advisors such as KPMG, Infrata, and Marsh, alongside legal counsel from A&O Sherman, indicates a thorough due diligence process and a complex transaction structure. While the deal value remains undisclosed, the nature of the assets and the parties involved suggest a substantial investment in the transportation infrastructure sector.

CVC DIF divests American Roads after focusing on operational improvements.
John Laing Group expands its infrastructure portfolio with key transportation assets.
The deal involves multiple advisors, including Macquarie Capital and KPMG, indicating complexity and due diligence.
The transaction includes strategically important assets like the Detroit-Windsor Tunnel concession.

Market Context: The deal occurs within the roads and transportation infrastructure sector in North America, specifically in the United States. This sector is characterized by long-term concessions, stable revenue streams (through tolls), and a need for ongoing maintenance and upgrades. The involvement of firms like Marsh, with experience in renewable energy projects, suggests a potential focus on sustainability and energy efficiency within the acquired assets.