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

New Flyer to invest $28 million in Ky. facility

The Shepherdsville, Ky. facility will fabricate parts for the manufacture of New Flyer transit buses, MCI motorcoaches, and spare parts for NFI Parts.

MCI names San Francisco Bay Area leadership team

The team consists of Mike Albertolle, manager of business development and service; Matthew Hiibel, service manager; Roland Schauer, shop supervisor; and Roman Bystron, parts supervisor.

Minn. Metro Transit union workers threaten strike during Super Bowl

The union’s president noted that although the most recent agreement was overwhelmingly rejected, he is optimistic an agreement will be reached before the deadline.

COMTO launching new Washington State chapter

Local charter agency members and supporters of COMTO Washington State include Pierce Transit, the Seattle Department of Transportation, Washington State Department of Transportation, Community Transit, and the Port of Seattle.

New York drops 'ladies and gentlemen' for more inclusive announcements

Effective immediately, subway conductors and bus drivers have been instructed to use gender-neutral language when communicating, such as "passengers," "riders," and "everyone."

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