CVC DIF Funds Acquire American Student Transportation Partners from Access Holdings

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.

Student Transportation of America Acquires Universal Transportation Systems

October 7, 2025

Transportation

Student Transportation of America (STA) has acquired Universal Transportation Systems (UTS), a leading independent student transportation provider in Ohio. Northborne Partners served as exclusive financial advisor to UTS; financial terms were not disclosed. UTS operates more than 350 buses and vans and employs over 350 staff across terminals in the Cincinnati and Columbus metropolitan areas.

Direct Travel Acquires ATPI

September 22, 2025

Transportation

Direct Travel, Inc. has acquired ATPI, combining the two businesses to form a global travel management powerhouse with more than $6 billion in annual travel volume. The deal expands Direct Travel’s international footprint and specialized capabilities (energy, marine, sports, mining) while accelerating the global rollout of its Avenir Travel Edition platform.

Vistra Acquires Phoenix American's Fund Administration and Transfer Agent Business

August 5, 2024

Financial Services

Vistra has acquired the Fund Administration and Transfer Agent business of Phoenix American Financial Services, Inc., excluding Phoenix American's aviation services business. The deal expands Vistra's US fund administration and transfer agent capabilities (including the STAR-XMS platform) and brings experienced Phoenix American staff — with Zane Doyle joining Vistra — to deepen Vistra's private markets and retail investor solutions.

DIF Capital Partners Acquires Majority Interest in Green Street Power Partners

April 3, 2023

Renewable Energy

DIF Capital Partners agreed to acquire a majority equity interest in Green Street Power Partners, a US-based developer, financier, owner and operator of distributed generation solar projects. The investment will be executed through DIF Infrastructure VII and is intended to grow DIF's North American renewable portfolio and support Green Street's execution of its 2 GW+ pipeline.

Apollo-Managed Funds to Acquire The Travel Corporation

July 16, 2024

Restaurants & Hospitality

Apollo-managed funds have entered into a definitive agreement to acquire The Travel Corporation (TTC), a privately held portfolio of 18 travel brands including Trafalgar, Uniworld Boutique River Cruises, Contiki and Insight Vacations. The deal — excluding certain assets such as The Red Carnation Hotel Collection — is part of TTC's family succession plan and is expected to close in Q4 2024, subject to customary closing conditions and regulatory approvals.