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

DCTA receives $2.6M to construct bus maintenance facility

The new facility will accommodate up to 45 buses and provide cost savings for the agency, with less buses having to travel to an alternate facility.

New York MTA to unveil Bus Action Plan to improve service

This is the first of several action plans to be released by NYCT President Andy Byford to shape his overarching corporate plan due within his first 100 days on the job.

Santa Monica's Big Blue Bus earns APTA Gold Safety, Security Award

BBB has steadily decreased its preventable accident rate from 2.21 accidents per 100,000 miles in fiscal year 2015 to 1.83 accidents per 100,000 miles in FY 2017.

Forest River returns to BusCon 2018 as Platinum Sponsor

The company will mark its return with a nearly 7,000 square-foot booth, showcasing a range of vehicles suitable for a variety of public and private sector transportation providers.

NYCT orders 108 Xcelsior 60-foot New Flyer buses

The order adds 216 equivalent units to New Flyers firm order backlog.

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