Veolia purchases PTM
Company will now serve as Veolia’s transit management division.
Veolia Transportation has purchased Cincinnati-based Professional Transit Management (PTM), effective Jan. 1.
In the majority of Veolia's 130 contracts in the U.S. and Canada, the company is responsible for the full gamut of transit operations, providing contracted services to transit authorities.
In addition to this large number of operating contracts, Veolia also has management contracts with four transit systems — Pensacola, Fla.; Phoenix, Ariz.; and Raleigh-Durham and Winston-Salem, N.C. These four contracts will be added to the 15 managed by PTM, with the PTM team now serving as Veolia's transit management division.
PTM’s Thomas Hock will continue to serve as CEO, while Will Scott, currently serving as vice president and region manager, has been promoted to president and COO, and Mike Setzer will continue as executive vice president as well as take on an expanded role within Veolia, supporting the areas of business development and operations.
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