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

MARTA's Parker among Atlanta's 'Most Admired' CEOs

This distinction by The Atlanta Business Chronicle recognizes Atlanta’s leading executives in various industries and professional disciplines, according to the publication.

USSC names midwestern regional sales manager for U.S.

As part of the North American Transit Sales Team, Sonny Gordon joins the organization with 20 years of experience in the industry.

Metra picks Derwinski to lead agency as CEO

The current chief mechanical officer oversees 650 employees responsible for the repair, inspection, cleaning and maintenance of nearly 1,200 railcars and locomotives.

RATP Dev to manage Asheville, N.C.'s transit service

RATP Dev has appointed Bernadette Townsend to serve as ART’s new GM.

CDTA named 'Best Mid-Size Public Transportation System'

CDTA representatives will attend the APTA conference in early October in Atlanta to receive the award.

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