An investment bank that, so far, has escaped the recent financial market meltdown bought a portion of American Traffic Solutions.
The Scottsdale-based photo radar provider said Thursday that Goldman Sachs has become its first institutional investor.
American Traffic Solutions did not say how much of the company Goldman Sachs bought, or how much it paid for the partial ownership. But CEO Jim Tuton said the new financial partner would be "a minority shareholder" and will be represented on the company's board of directors.
American Traffic Solutions claims to be the largest independent, privately held company providing photo traffic enforcement services in North America.