HELP is the owner and provider of PrePass weigh station bypassing and other truck safety and toll payment technologies. Alinda is one of the world’s largest infrastructure investment firms.
“The HELP Board viewed Alinda’s partnership proposal as an intriguing next step to providing even greater innovation and continuous improvements to customer service in achieving our mission of highway safety,” said Karen Rasmussen, HELP’s chief executive officer.
Alinda has made significant investments in transportation assets such as Heathrow Airport in the United Kingdom and the Virginia International Gateway (VIG) container terminal in Norfolk, Virginia.
“We are thrilled to enter into this strategic partnership with HELP,” said Chris Beale, Alinda’s managing partner. “We want to support HELP in its important safety mission and to assist HELP to expand its technology and safety offerings to government agencies and the trucking industry.”
HELP is governed by a board of directors comprised of an equal number of state government agency and trucking industry representatives. Upon receiving HELP Board approval in late May, Alinda completed the acquisition of HELP’s contractor, CVO Holding Company, which will continue to provide contractual services to HELP.
As of July 30, 2018, PrePass has provided over 818 million safe truck bypasses of open weigh facilities throughout the U.S., saving the motor carrier industry over $6.1 billion in operating costs. In the same timeframe, PrePass reduced truck-related pollution by 722,718 metric tons, the equivalent of taking 128,903 automobiles off the road.
