Announced
Financials
Tags
Single Bidder
Friendly
Majority
Domestic
Acquisition
Private
Pending
student transportation
United States
Private Equity
Transportation Services
Synopsis
H.I.G. Capital, a global alternative investment firm with $45bn of equity capital under management, completed the acquisition of North America Central School Bus, a student transportation provider. Financial terms were not disclosed. "I am proud of NAC’s success to-date. Our accomplishments are primarily the result of the tireless efforts of our dedicated team members. This transaction is a validation of our commitment to servicing our customers, parents, and students alike, and our commitment to getting students to and from school safely. We appreciate the vote of confidence from H.I.G. and look forward to our future growth opportunities," Steve Hemmerlein, NAC CEO.
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