Fullington family re-purchases outstanding shares of company stock

State College, Pa.’s Fullington Auto Bus Co. is once again owned 100% by the Fullington family, with Michael and Lory Fullington re-purchasing all outstanding shares of the company stock owned by previous parent company, RATP Dev.

“We’re excited to begin the new year, a re-birth of sorts, with total ownership and control of the company,” said Michael Fullington.

“We can now focus our organization exclusively on meeting the transportation needs of our customers,” added Jonathan Berzas, president/CEO of the company.

The company began operations in 1908 when Emerson M. Fullington and his three sons began a livery and surrey company in Clearfield, Pa. Michael and Lory Fullington are committed to continuing the legacy of service passed down through four generations of Fullingtons over the past 110 years.

“That’s my family’s name on the sides of those buses,” remarked Michael Fullington. “I feel a personal responsibility for making sure we honor that legacy in everything we do as a company.”

In 2009, RAPT Dev, the fourth largest ground transportation company in the world, approached Aerial Fullington Weisman, CEO of Fullington at the time, about partnering to enter the U.S. Market. The decision was made to sell majority ownership of the company to RAPT Dev.

Over the past nine years the company has grown and prospered. “We’ve learned a lot from each other,” said Berzas referring to the relationship between the two companies. “And we’re pleased with what we were able to achieve together.”

Negotiations for the re-purchase of the company began in early 2017 and concluded in December.

“We’re really proud of where we’ve been and where we are right now. And we’re excited about where we’re going,” said Michael Fullington.