Management & Operations

NABI acquired by private equity fund manager

Posted on January 24, 2006

North American Bus Industries (NABI) and its parent company, NABI Rt. in Budapest, Hungary, have been acquired by Cerberus Capital Management, a New York-based private equity fund manager. The acquisition will include the business assets of NABI Rt. as well as all stock of its Alabama-based subsidiary, NABI Inc. The closing of the transactions is expected to be on or about Jan. 31. The acquisition provides NABI with access to significant resources necessary to enable the bus manufacturer to continue its warranty and service support and to develop new products. “The industry is poised for significant growth, and NABI is well positioned with current and planned products to enhance its market position," said Bill Coryell, NABI's vice president of sales. "Our new owners are committed to advancing such growth."

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

More News

L.A. Metro reconsidering selling naming rights for trains, stations

Since board approval in December, the staff received new information from the Los Angeles County Counsel’s Office saying corporate naming decisions by Metro could lead to free speech entanglements

Metra chief Orseno to retire in December 2017

Orseno began his career in 1974 as a ticket collector on Chicago Rock Island & Pacific Railroad commuter trains.

WSP | PB taps Werkmeister as nat'l strategic pursuit manager

She has 27 years of business development, marketing and sales experience, and has successfully led major strategic campaigns for large infrastructure pursuits across Southern California.

Cubic names Walker Ford VP/GM of Eastern region, Americas

This region includes Miami where the EASY Card revenue management system has become a major Cubic project, which recently expanded under a $33 million contract for upgrades to cloud-based services supporting mobile- and open-payment technologies.

New GSA partnership to reduce D.C. Metro energy costs

The partnership lowers Metro’s electricity supply rate within the District, and is expected to save the authority more than $1 million per year compared with existing supply rates.

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


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