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New Deal


Announced

EQT Partners-backed First Student to acquire Apple 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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transportation services

Transportation Services

United States

Single Bidder

Domestic

Majority

Acquisition

Pending

Private

Friendly

Private Equity

Synopsis

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EQT Partners-backed First Student, a provider of school bus transportation in North America, agreed to acquire Apple Bus, a Missouri-based provider of student and charter transportation services. Financial terms were not disclosed. "At First Student, we see this as a logical step in our strategic commitment to grow our presence in North America. We are excited to have Apple Bus Company join our team. We look forward to introducing our industry-leading safety record, rigorous driver training programs and cutting-edge technologies to even more school districts, families and communities," Paul G. Osland, First Student President.

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