Motorcoach

Las Vegas' Ryan's Express sold

Posted on July 25, 2011

Las Vegas-based Ryan's Express, a "boutique-type" provider of premier motorcoach services, announced the sale of the company to El Segundo, Calif.-based Century Park Capital Partners

As part of the deal, Michael Haggerty sold his remaining 51 percent ownership stake to the private equity group. Financial terms were not disclosed.

Century Capital first purchased part of Ryan's Express in April 2006, with the growth capital provided enabling the operation to fulfill its strategic expansion plan, which included key acquisitions as well as organic growth where the operation provided services, including Las Vegas, California, Arizona and Utah.

Century Park Capital Partners is a Los Angeles-based private equity firm that partners with owner/managers to build successful companies. The firm specializes in facilitating owner liquidity and business expansion by providing $10 million to $50 million equity investments for minority and majority recapitalizations, growth financings, management-led buyouts and acquisition financings.

The Ryan's Express staff has a combined 100+ years of experience in the transportation industry servicing domestic and international tour groups, destination management companies, hotels, resorts, universities, colleges, schools and clubs as well as travel agencies, transportation and charters.

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

More News

ABA Foundation report finds motorcoach sales remain steady

Sales for the first quarter were dominated by private sales of new 45-foot motorcoaches, which saw an 18.5% increase over the same period in 2016.

Alexander Dennis wins significant share of UK Stagecoach bus order

The 314 vehicles will be delivered by the end of April 2018 and introduced in Stagecoach’s regional bus operations in England, Scotland, and Wales, as well as on the megabus.com and Scottish Citylink coach networks.

CH Bus Sales delivers 2 Temsas to Calif.'s Professional Charter

Vehicles equipped with many favorite features, including 110-volt outlets with USB ports, Alcoa Durabright wheels, enclosed parcel racks, leather and fabric seats, REI audio/video, and woodgrain floor.

Prevost introduces electric cooling package for motorcoaches

The innovative and fully-integrated system was designed entirely in-house at Prevost and eliminates the belt-driven fan, thereby reducing the engine horsepower required to operate.

Union fighting for better pay for Bay Area commuter bus drivers

Many operators who drive those vehicles struggle to make ends meet with their current pay.

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