Add-on Acquisition • Transportation

GO Riteway Acquires Cardinal Buses

On February 15, 2019, GO Riteway acquired transportation company Cardinal Buses

Acquisition Context

This is GO Riteway’s 2nd transaction in the Transportation sector.
This is GO Riteway’s 2nd transaction in the United States.
This is GO Riteway’s 1st transaction in Indiana.

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M&A Deal Summary
Date	February 15, 2019
Target	Cardinal Buses
Sector	Transportation
Buyer(s)	GO Riteway
Deal Type	Add-on Acquisition

Target Company

Cardinal Buses

Middlebury, Indiana, United States

Cardinal Buses is a Midwest US-based transportation company. Cardinal Buses is headquartered in Middlebury, Indiana and has satellite offices in Mishawaka, Indiana and Holland, Michigan.

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Buyer Overview 1

Buyer

GO Riteway

Milwaukee, Wisconsin, United States

Category	Company
Founded	1957
Sector	Transportation

DESCRIPTION

GO Riteway is a family-held transportation company. GO Riteway has 20+ locations operating over 1,250 passenger transportation vehicles, including school buses, motorcoaches, mini coaches, black cars, and airport shuttles.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Transportation	2 of 2
Type: Add-on Acquisition	2 of 2
State: Indiana	1 of 1
Country: United States	2 of 2
Year: 2019	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2010-10-01	GO Airport Connection Milwaukee, Wisconsin, United States Go Airport Connection, a Milwaukee-based company that provides van and car services to General Mitchell Airport (MKE), Chicago's O'Hare (ORD) & Midway (MDW) with all of Southeastern Wisconsin. Its service area includes homes, hotels, and businesses anywhere from Northern Illinois to Door County and from Lake Michigan to Madison.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2010-10-01

GO Airport Connection

Milwaukee, Wisconsin, United States

Go Airport Connection, a Milwaukee-based company that provides van and car services to General Mitchell Airport (MKE), Chicago's O'Hare (ORD) & Midway (MDW) with all of Southeastern Wisconsin. Its service area includes homes, hotels, and businesses anywhere from Northern Illinois to Door County and from Lake Michigan to Madison.

Buy

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