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New Deal


Announced

H.I.G. Capital completed the acquisition of North America Central School Bus.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

Majority

Domestic

Acquisition

Private

Pending

student transportation

United States

Private Equity

Transportation Services

Synopsis

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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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