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Goldman Sachs, which recently announced that it will convert into a federally regulated bank holding company, has purchased a minority stake in closely held American Traffic Solutions, a Scottsdale, Ariz., provider of electronic toll payment and video-based traffic enforcement systems.

Terms of the sale were not disclosed. Goldman Sachs, however, will receive a seat on the ATS board of directors, the companies said in a Sept. 25 statement.

ATS’ “expansion into electronic toll collection and transportation-related commercial services presents attractive growth oppor-tunities,” a Goldman Sachs representative said in the statement.

Goldman Sachs is the first institutional investor to purchase a stake in ATS, the companies said.

ATS’ video traffic enforcement systems are used in 25 states and Washington, D.C., according to the company.