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

BusCon '16 features more than 80 buses, debuts maintenance forum

This year's event definitely had something for everyone, including the most buses on one North American show floor, a closer look at issues set to impact transit maintenance professionals, an up-to-date look at electric buses and a the BusCon Connect hosted buyers program. 

Seattle taps CH2M to deliver BRT expansion program

This BRT program, which is part of the voter-approved Levy to Move Seattle, will provide high-quality transit throughout some of the densest areas of Seattle.

Hometown Trolley acquires Supreme Corp.'s American Trolley product line

The purchase furthers Hometown Trolley's overall strategic business model to become the leading trackless trolley bus manufacturer in the North American transit industry.

Volvo Buses unveils pedestrian and cyclist detection system

The system will be introduced on Volvo’s European city bus fleet in 2017.

Stertil-Koni introduces high-performance, low-capacity hydraulic vehicle lift

The company’s ST 1064 hydraulic mobile column lift has a capacity of 14,000 lbs. per column, or 56,000 lbs. for a set of four.

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