M&A Deal Summary

FlixBus Acquires Greyhound Lines

On October 21, 2021, FlixBus acquired transportation company Greyhound Lines from Firstgroup for 46M USD

Acquisition Highlights
  • This is FlixBus’ 5th transaction in the Transportation sector.
  • This is FlixBus’ largest (disclosed) transaction.
  • This is FlixBus’ 1st transaction in the United States.
  • This is FlixBus’ 1st transaction in Texas.

M&A Deal Summary
Date 2021-10-21
Target Greyhound Lines
Sector Transportation
Buyer(s) FlixBus
Sellers(s) Firstgroup
Deal Type Divestiture
Deal Value 46M USD

Target

Greyhound Lines

Dallas, Texas, United States
website
Greyhound Lines is a provider of long-distance bus transportation. Greyhound Lines is based in Dallas, Texas.

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Buyer(S) 1

Buyer

FlixBus

Munich, Germany

website

Category Company
Founded 2011
Sector Transportation
DESCRIPTION

FlixBus is a mobility provider, offering new alternatives for convenient, affordable and environmentally friendly travel via the FlixBus, FlixCar and FlixTrain brands. FlixBus is a disruptive, asset-light, tech-enabled global mobility platform offering mid- and long-distance travel in Europe and the US – the company helps over 50 million passengers a year to reach more than 2,000 destinations in over 30 countries. FlixBus was founded in 2011 and is based in Munich, Germany.

DEAL STATS #
Overall 5 of 5
Sector (Transportation) 5 of 5
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-22 Kamil Koç Otobüsleri A.Ş

Osmangazi, Turkey

Kamil Koç Otobüsleri A.Ş is an intercity bus company, transporting more than 17 million passengers per annum. Kamil Koç Otobüsleri A.Ş was founded in 1926 and is based in Osmangazi, Turkey.

Buy -

Seller(S) 1

SELLER

Firstgroup

London, United Kingdom

website

Category Company
Founded 1986
Sector Transportation
Employees31,064
Revenue 2.9B GBP (2022)
DESCRIPTION

Firstgroup is a transport operator in the UK and North America, providing solutions for an increasingly congested world keeping people moving and communities prospering. Company operate five divisions which draw on common skills and expertise, but which are varied by geography, customer base and a mix of contract and passenger revenue. FirstGroup was incorporated in 1986 and is headquartered in London, the United Kingdom.

DEAL STATS #
Overall 5 of 5
Sector (Transportation) 5 of 5
Type (Divestiture) 5 of 5
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-23 First Student

Cincinnati, Ohio, United States

First Student is a student transportation service provider in North America, providing over 900 million student journeys a year at approximately 1,000 school districts. The Company has 48,000 employees who operate a fleet of over 42,000 school busses and provide an essential service to North American students. First Student is based in Cincinnati, Ohio.

Sell $4.6B
Mergr

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