Announced
Completed
Financials
Tags
United States
transportation company
Transportation Services
Acquisition
Domestic
Private
Majority
Private Equity
Completed
Friendly
Single Bidder
Synopsis
Charlesbank Capital, a middle-market private investment firm, completed the acquisition of EverDriven Technologies, a student transportation platform, from Palladium Equity, a private equity investment firm. Financial terms were not disclosed. “We are grateful for Palladium’s partnership and support, and are energized by the opportunities ahead. Charlesbank’s strategic acquisition of EverDriven will help us continue investing in our pioneering technology and services. We have a very passionate team and a company that exists to help get students to and from school, safely, every day, and we are thrilled at the prospect of being able to do that for more students across the country through this new partnership with Charlesbank," Mitch Bowling, EverDriven CEO.
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