Coach USA will be led by CEO Linda Burtwistle, who previously served as the company's president and COO.
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Variant Equity completed the acquisition of Coach USA Administration, Inc. and its subsidiaries from Stagecoach Group plc in a transaction valued at approximately $271.4 million.
Headquartered in Paramus, N.J., Coach USA is a provider of passenger transportation and mobility services, including intercity bus, public transit, employee transportation, campus shuttle, and airport transportation services. The company operates through a number of marquee brands, including megabus.com, which provides intercity coach services. With over 4,500 employees and 2,200 buses, Coach USA has an extensive reach throughout the U.S. and Canada.
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"With a history that dates back to 1922, Coach USA has been a consistent leader in the passenger transportation industry," said Variant Equity Managing Partner Farhaad Wadia. "The combination of Coach USA's unwavering commitment to providing safe and reliable transportation and Variant's focus on providing corporate carve-outs with the technological, operational, and financial resources required to accelerate innovation and growth, will allow the company and its management team to unlock their full potential."
Coach USA will be led by CEO Linda Burtwistle, who previously served as the company's president and COO.
Wadia said the Coach USA acquisition reflects Variant Equity's focus on middle-market corporate divestitures and marks the firm's third corporate carve-out in the last 18 months.
Premiums remain elevated. Underwriting scrutiny is intense. And claims costs continue to rise at historic levels. Behind those numbers lies a complex mix of legal, medical, and cultural forces reshaping the commercial landscape.
The company said it has remained the most widely purchased model in the new coach market across the US and Canada, according to historical data from the Motorcoach Builders Survey conducted by the American Bus Association
A phased approach to technology, in-house capabilities, and workforce investment is helping transportation leaders break the reactive cycle and build more resilient, revenue-focused operations.
The company's flagship H3-45 is also the best-selling 45-foot motorcoach in North America, according to vehicle registration data from S&P Global Mobility (Polk).
METRO’s Executive Editor Alex Roman spoke with Mueller about the opening event, the company’s progress since launching in late 2022, and the road ahead.
METRO Executive Editor Alex Roman presented the award to the operation’s President/CEO Scott Parsons at the United Motorcoach Association’s EXPO in Birmingham, Alabama.
The new facility, spanning more than 43,000 square feet, includes pre-delivery inspection, a large repair, maintenance, and service center, an administrative building, and a dedicated training and delivery center for customers and service partners.
