M&A Deal Summary

Firstgroup Acquires Laidlaw International

On February 9, 2007, Firstgroup acquired transportation company Laidlaw International for 1.9B GBP

Acquisition Highlights
  • This is Firstgroup’s 2nd transaction in the Transportation sector.
  • This is Firstgroup’s largest (disclosed) transaction.
  • This is Firstgroup’s 2nd transaction in the United States.
  • This is Firstgroup’s 1st transaction in Illinois.

M&A Deal Summary
Date 2007-02-09
Target Laidlaw International
Sector Transportation
Buyer(s) Firstgroup
Deal Type Add-on Acquisition
Deal Value 1.9B GBP
Advisor(s) Morgan Stanley (Financial)

Target

Laidlaw International

Naperville, Illinois, United States
Laidlaw International, Inc. is an operator of school and inter-city bus transportation and a supplier of public transit services in North America. Laidlaw group businesses operate recognised brands, including Laidlaw Education Services, Greyhound Lines and Greyhound Canada ("Greyhound"), and Laidlaw Transit.

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Buyer(S) 1

Buyer

Firstgroup

London, United Kingdom
Category Company
Founded 1986
Sector Transportation
Employees30,995
Revenue 4.3B GBP (2024)
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, United Kingdom.

DEAL STATS #
Overall 2 of 4
Sector (Transportation) 2 of 4
Type (Add-on Acquisition) 1 of 3
State (Illinois) 1 of 1
Country (United States) 2 of 3
Year (2007) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-22 Coach USA Transit Division

United States

Coach USA Transit Division operates bus services in a number of locations across North America under contracts with public transport authorities and other bodies. Coach USA Transit operates in 35 locations within the US, including California, Florida, New York, North and South Carolina, Puerto Rico and Washington. The division has around 2,000 employees and operates 1,200 vehicles.

Buy $23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-09 Transport St. Leonard

Montreal, Quebec, Canada

Transport St. Leonard is a largest provider of school transportation in North America. Transco began operating the 150 schools buses in the area Monday, January 9, 2012.

Buy -
Mergr

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