Bus

Diamond Coach acquired by private equity firm B12 Capital Partners

Posted on February 26, 2016

Kansas City-based private equity firm B12 Capital Partners LLC recently acquired Diamond Coach Corp. of Oswego, Kan. B12 also recently acquired Brown Industries LLC of Lawrence, Kan.

Both companies have similarities. They each build customized vehicles on a similar chassis, but Brown builds steel cargo vans and Diamond builds fiberglass shuttle buses.

B12 hopes to make several more acquisitions under the recently launched B12 Transportation Group umbrella in the next few years.

Investment banking and business advising company ClearRidge advised the owners of Diamond Coach on the company sale. B12 Capital Partners was chosen as the ideal partner due to their experience working alongside entrepreneurs and founders, their relationships and prior experience in Diamond Coach’s industry and their shared vision for the future growth of the company.

Diamond Coach models vary in design and size, accommodating from 14 to 32 passengers with optional lift and wheelchair options. Diamond’s customer base ranges from hotels to hospitals, nursing homes to churches, and casinos to military bases.

View comments or post a comment on this story. (0 Comments)

More News

STV unveils sustainably designed bus facility in Worcester, Mass.

The $84 million, 150,000-square-foot facility is situated on a new 11-acre site, and replaces Worcester Regional Transit Authority’s 1920s-era converted trolley bar.

S.F. exercises option for 167 more New Flyer Xcelsior buses

Valued at nearly $153 million, it includes orders for 98 40-foot diesel-electric hybrid buses and 69 (138 EU) 60-foot diesel-electric hybrid buses.

Fla.'s JTA launches First Coast Flyer Blue Line BRT service

The 11.1 mile Blue Line on the Southeast Corridor features direct, high-frequency service; seven branded stations; transit signal priority at 18 intersections; and off-board fare collection.

BusCon opens 2017 Call for Papers

The deadline to submit your presentation idea is Jan. 20, 2017.

Man steals MTA bus from Staten Island depot again

The Staten Island resident took the bus on a nearly four-mile joyride, before abandoning it on a corner. It was unclear if he picked up or dropped off any passengers during his route.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close