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May 20, 2014 11:45 AM, EDT
LaHood Joins Infrastructure Investment Firm
Andrew Harrer/Bloomberg News

Former Transportation Secretary Ray LaHood has taken a position as a senior adviser with Meridiam North America, an investment firm specializing in infrastructure.

“We are honored Secretary LaHood has decided to join Meridiam. His broad experience in transportation and infrastructure in the United States will be a valuable asset to the company,” Meridiam CEO Thierry Deau said in a statement.

Meridiam, founded in 2005, said it managing $3.5 billion of assets in Europe and the United States. It has invested in 32 projects to date, the Paris-based company said.

LaHood served as transportation secretary for more than four years before he stepped down in June 2013. He was succeeded by Anthony Foxx.

Prior to that, he was a Republican member of the U.S. House of Representatives for 14 years, representing the Peoria, Illinois, area.