Monday, October 28, 2013

D.C. Police to Utilize Redflex Cameras


Redflex's annual report revealed a project in Washington, D.C.

Redflex was awarded a contract to supply over-height and over-weight enforcement camera systems to the District of Columbia Metropolitan Police Department in Washington DC, USA. This contract arose through the joint efforts of the USA and Australian business units. The camera systems are currently being installed and revenue will be recognized in the Australia/International business segment.
Oddly, D.C. based Carlyle Group made a short run at Redflex and both companies have a history of bribery, Carlyle in Connecticut and Redflex in Chicago.  Macquarie ceased to be a substantial holder of Redflex on October 23rd. 

Redflex's products include automatic license plate number reading, vehicle counting/classification, and traffic enforcement (red light, speeding, school bus stop and train intersection violations). 

What did Carlyle see that made Redflex attractive?  Did their intelligence source the D.C. Police buy or was something greater luring the private equity underwriter (PEU)?  How might Carlyle profit from "making the world safer?"