Fenway Partners to acquire Coach America

Fenway Partners, a private equity firm, has entered into a definitive agreement to acquire Coach America from Kohlberg & Co. Coach America, utilizing the CoachUSA, American Coach Lines, Gray Line, Arrow Stage Lines, All West, Raz Transportation and Kerrville Bus brand names, is the largest tour and charter bus operator and the second largest motorcoach services provider in the U.S. Its fleet includes deluxe and mini motorcoaches, trolleys and double-decker buses. The acquisition, which is expected to close in early 2007, is subject to customary closing conditions and regulatory approval. Terms of the transaction were not disclosed.