A private equity firm has completed its acquisition of Coach USA and its subsidiaries, it was announced on April 15.
Both the bus carrier’s U.S. and Canadian operations was purchased for $271.4 million by Variant Equity from prior owner Stagecoach Group plc.
Coach USA operates intercity bus, public transit, employee transportation, campus shuttle and airport transportation services throughout the United States. It and Coach Canada has more than 4,500 employees and 2,200 buses throughout the United States and Canada.
Read the press release about the acquisition here.