M&A Deal Summary

First Student Acquires Total Transportation

On May 2, 2022, First Student acquired transportation company Total Transportation

Acquisition Highlights
  • This is First Student’s 3rd transaction in the Transportation sector.
  • This is First Student’s 2nd transaction in the United States.
  • This is First Student’s 1st transaction in New York.

M&A Deal Summary
Date 2022-05-02
Target Total Transportation
Sector Transportation
Buyer(s) First Student
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Total Transportation

Brooklyn, New York, United States
Total Transportation is an operator of a transportation company operating nearly 3,200 vehicles in New York, New Jersey, and Pennsylvania. Performing over 75,000 ADA trips per month and transporting approximately 100,000 school students per day. Total Transportation was founded in 1979 and is based in Brooklyn, New York.

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Buyer(S) 1

Buyer

First Student

Cincinnati, Ohio, United States
Category Company
Sector Transportation
Employees48,000
DESCRIPTION

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.

DEAL STATS #
Overall 3 of 4
Sector (Transportation) 3 of 4
Type (Add-on Acquisition) 2 of 3
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 Apple Bus Company

Cleveland, Missouri, United States

Apple Bus Company is a provider of student and charter transportation services to more than 80 school district customers across North America with a fleet of approximately 1,500 buses. Apple Bus Company was founded in 2000 and is headquartered in Cleveland, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-13 Autobus Dufresne

Sainte-Martine, Quebec, Canada

Autobus Dufresne is a provider of school transportation, coach and transit passenger services. Autobus Dufresne was founded in 1955 and is based in Sainte-Martine, Quebec.

Buy -
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