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

Calif.'s OCTA adding more New Flyer CNG buses

The buses will be used on OCTA’s Bravo! 529 Rapid Bus Service, which is Orange County’s rapid bus service that skips stops to decrease commute time.

Schetky Bus and Van Sales opens Ariz. office

The national distributor of commercial buses, school buses, and mobility vans is also committed to providing Arizona with their brand of best-in-class customer service and support.

Grande West names new CEO

Jean-Marc Landry will take over as CEO, while William Trainer will transition from his CEO role to undertake the roles and responsibilities of president and remain as a member of the board of directors.

Calif.'s SamTrans to add 55 New Flyer clean-diesel artics

Staff informed the board that this is intended to be the last diesel bus purchase that SamTrans will make because the Transit District would eventually like to convert its current fleet to electric buses in the future.

San Diego's MTS orders up to 50 more New Flyer CNG buses

MTS currently has 220 40-foot CNG New Flyer buses and 70 60-foot CNG articulated New Flyer buses in operation.

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

Luxury Coach & Transportation

Please sign in or register to .    Close