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Announced

Completed

The Audax Group-backed Beacon Mobility completed the acquisition of DS Bus Lines and Midwest Bus Sales from The Kincaid Group.

Financials

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

Sources

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Tags

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Completed

student transportation

Domestic

transportation platform

United States

Transportation Services

Private

Majority

Single Bidder

Acquisition

Friendly

Private Equity

Synopsis

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The Audax Group-backed Beacon Mobility, a family of transportation companies, completed the acquisition of DS Bus Lines and Midwest Bus Sales, transportation platforms that specialize in student transportation and dealership services, from The Kincaid Group, a holding company. Financial terms were not disclosed. “DS Bus Lines and Midwest Bus Sales are welcome additions to our growing transportation family as we continue to expand into new states in the Midwest and Southwest. These family-owned companies were founded on strong core principles with the goal of dutifully serving customers and creating excellent career pathways for employees, and we are thrilled to join forces to keep serving our schools and communities for all their transportation needs,” Judith Crawford, Beacon Mobility CEO.

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