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Announced

Completed

EQT-backed First Student completed the acquisition of Dufresne 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-

Tags

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Private

Majority

Completed

Single Bidder

Private Equity

Canada

school transportation

Transportation Services

Acquisition

Friendly

Cross Border

Synopsis

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EQT-backed First Student, a school transportation solutions provider, completed the acquisition of Dufresne Group, a provider of school transportation, coach and transit passenger services. Financial terms were not disclosed. “Bringing together the best of the Dufresne Group and First Student’s industry-leading innovation will enhance the bus riding experience for our new student passengers in Eastern Canada. We welcome the exceptional team from the Dufresne Group, along with their dedication to ensuring every student has a great beginning and end to the school day," John Kenning, First Student CEO and President.

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