John Laing to Acquire American Roads, Signaling Durable Demand for U.S. Toll Assets | Engineering News-Record
Summary
John Laing Group has agreed to acquire American Roads, which includes key U.S. toll assets, highlighting ongoing interest in mature infrastructure investments despite rising financing costs.
Why It Matters
This acquisition underscores the resilience of the U.S. toll road market even amid economic challenges. It reflects investor confidence in established transportation assets, which are crucial for infrastructure development and public-private partnerships.
Key Takeaways
- John Laing's acquisition of American Roads signals strong demand for U.S. toll assets.
- The deal includes significant operational toll assets, enhancing cash flow stability.
- Investor interest remains robust despite rising borrowing costs in the infrastructure sector.
NewsBusinessMidwest Construction NewsTexas & Southeast Construction NewsTransportationCompaniesGovernment News Analysis John Laing to Acquire American Roads, Signaling Durable Demand for U.S. Toll Assets London firm's purchase highlights appetite for mature concessions amid elevated financing costs By Bryan Gottlieb Photo by Leonid Andronov/Adobe Vehicles queue at the U.S. port-of-entry inspection plaza for the Detroit–Windsor Tunnel in Detroit, the American side of the cross-border crossing from Windsor, Ontario. The tunnel is part of the American Roads portfolio that John Laing Group has agreed to acquire. February 17, 2026 Institutional capital continues to flow into mature U.S. toll roads, even as higher borrowing costs reshape underwriting assumptions for new revenue-risk projects.That shift was underscored Feb. 13, when U.K.-based infrastructure asset manager and investor John Laing Group agreed to acquire American Roads from Netherlands-based global infrastructure investment manager CVC DIF. Terms were not disclosed, and the companies did not provide an expected closing date. In announcing the transaction, John Laing said it had agreed to acquire “an established US transportation platform comprising four operational toll assets in Michigan and across Alabama.” The portfolio includes the Detroit–Windsor, Ontario Tunnel and three Alabama toll bridges — Tuscaloosa Bypass, Emerald Mountain Expressway and Montgomery Expressway. Map highlights toll rates on Alabama i...
