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New Deal


Announced

EQT Partners-backed First Student to acquire Total Transportation.

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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Pending

Single Bidder

transportation provider

Acquisition

Private Equity

Cross Border

Majority

United States

Transportation Services

Friendly

Private

Synopsis

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EQT Partners-backed First Student, a provider of essential student transportation to school districts in North America, agreed to acquire Total Transportation, a provider of general and special education student transportation, paratransit, and charter services throughout New York City, Upstate New York and Philadelphia. Financial terms were not disclosed. "Total Transportation has more than 40 years of experience providing safe, reliable and high-quality service to the communities they serve. They have a deep understanding of the level of care required to meet their passengers' needs. We are proud to welcome TTC employees to our team. Working together, we can strengthen our commitment to provide the best possible bus-riding experience for school districts, organizations and families," John Kenning, First Student Chief Executive Officer and President.

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