M&A Deal Summary

Firstgroup Acquires Mid States School Bus

On March 18, 2021, Firstgroup acquired transportation company Mid States School Bus

Acquisition Highlights
  • This is Firstgroup’s 4th transaction in the Transportation sector.
  • This is Firstgroup’s 3rd transaction in the United States.
  • This is Firstgroup’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2021-03-18
Target Mid States School Bus
Sector Transportation
Buyer(s) Firstgroup
Deal Type Add-on Acquisition

Target

Mid States School Bus

Wayne, Nebraska, United States
Mid States School Bus is a provider of school and charter transportation services to nearly 20 school districts across Eastern Nebraska and South Dakota with a fleet of approximately 200 buses. Mid States School Bus headquartered in Wayne, Nebraska.

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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 4 of 4
Sector (Transportation) 4 of 4
Type (Add-on Acquisition) 3 of 3
State (Nebraska) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-09 FirstGroup - London Bus Business

United Kingdom

FirstGroup - London Bus Business comprises 494 buses operating from five West London garages - Alperton, Greenford, Hayes, Uxbridge and Willesden Junction.

Sell £58M
FOLLOWING 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
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