First Student Acquires Dufresne Group

EQT Infrastructure Acquires First Student and First Transit from FirstGroup for $4.6bn

May 24, 2021

Transportation

EQT Infrastructure has completed the acquisition of First Student and First Transit, two North American subsidiaries of FirstGroup plc, for USD 4.6 billion. EQT said it will invest in organizational, operational and digital technology initiatives and accelerate fleet electrification and transition to renewable fuels to improve service and reduce environmental impact.

First Student Acquires Apple Bus Company

February 24, 2022

Transportation

First Student, a Cincinnati-based student transportation operator backed by EQT Infrastructure, has signed a purchase agreement to acquire Apple Bus Company, a Cleveland, Missouri-headquartered provider of school and charter transportation. The deal, announced by seller Great Range Capital, expands First Student’s geographic footprint and fleet; the transaction is expected to close by summer 2022 with terms not disclosed.

First Student Acquires Mid States School Bus

March 18, 2021

Transportation

First Student agreed to acquire Mid States School Bus, a Wayne, Nebraska-based provider of school and charter transportation that operates roughly 200 buses across eastern Nebraska and South Dakota. The acquisition expands First Student's Midwestern footprint; Mid States' general manager Dean Carroll will remain in a leadership role. Terms were not disclosed.

EducationDynamics Acquires EDU First

September 6, 2022

Education

EducationDynamics, a Renovus Capital portfolio company, has acquired EDU First, a provider of adult student prospects and higher-education lead generation services. The acquisition will expand EducationDynamics' enrollment marketing and student lead-generation capabilities to better serve its network of 500+ colleges and universities.

Student Transportation of America Acquires Multiple Regional Bus Operators

January 23, 2025

Transportation

Student Transportation of America (STA) completed a series of add-on acquisitions of regional school and charter bus operators across the U.S., increasing STA’s annual revenue by more than $70 million, adding over 1,000 employees and nearly 900 vehicles. The acquired operators include Visconti Bus Service, VW Trans, Birnie Bus Service and Birnie Transit, Desert Choice Transport, West Point Tours, Brandt Buses, and Assist-to-Transport, which will be integrated to expand STA’s national footprint and service capabilities.

Morgan Truck Body Acquires Transit Truck Bodies (Les Fourgons Transit)

March 5, 2024

Manufacturing

Morgan Truck Body, LLC has acquired Transit Truck Bodies Inc. (Les Fourgons Transit Inc.), a Laval, Quebec-based manufacturer of cutaway, dry freight and refrigerated truck bodies. The acquisition expands Morgan's North American manufacturing footprint to 14 facilities and adds Transit's 120,000+ sq ft plant and experienced workforce to its network.