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

DATTCO receives safety award from International Motorcoach Group

Established in 1924, DATTCO, Inc. is a third-generation family-owned business headquartered in New Britain, Conn.

MCI appoints to Canada Western Region sales, support team

Chad Sadowy has been promoted to Canada Western Region VP of Sales, succeeding Guy Tessier, while Steve Kuhn replaces Sadowy as Technical Solution Manager.

Coach Atlantic orders 2 2019 MCI J4500s

The agreement follows the Prince Edward Island-based charter operator’s order last year for 13 J4500s signed at UMA Expo in 2017.

Van Hool to open Tennessee plant

The company plans on opening the plant in 2020 where they will produce 400 buses per year with about 500 employees.

Prevost announces retirement of long-time service manager

Don Arlett is closing 21 years with Prevost and a long and successful career that began in the 1970s with Greyhound Bus Lines.

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