Audax-backed Beacon Mobility completed the acquisition of Franmar.

Synopsis

Audax-backed Beacon Mobility, a provider of outsourced transportation services for adults and schoolchildren, completed the acquisition of Franmar, a provider of school bus transportation. Financial terms were not disclosed.

Principals

target

Franmar Corporation

bidder

Beacon Mobility

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Market Context

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Seller Team (2)

philip cassel

Managing Director at Cassel Salpeter & Co

Financial Advisor

target

Deal

n/a

Total Value

tahz rashid

Associate at Cassel Salpeter & Co

Financial Advisor

target

Deal

n/a

Total Value

Bidder Team (1)

geoffrey s. rehnert

Co-Founder and Co-CEO at AUDAX GROUP LP

Investor

bidder

Deals

£ 1.73 B

Total Value

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