M&A Deal Summary

NFI Group Acquires North American Bus Industries

On June 21, 2013, NFI Group acquired automotive company North American Bus Industries from Cerberus Capital Management for 80M USD

Acquisition Highlights
  • This is NFI Group’s 2nd transaction in the Automotive sector.
  • This is NFI Group’s 2nd largest (disclosed) transaction.
  • This is NFI Group’s 1st transaction in the United States.
  • This is NFI Group’s 1st transaction in Alabama.

M&A Deal Summary
Date 2013-06-21
Target North American Bus Industries
Sector Automotive
Buyer(s) NFI Group
Sellers(s) Cerberus Capital Management
Deal Type Add-on Acquisition
Deal Value 80M USD

Target

North American Bus Industries

Anniston, Alabama, United States
North American Bus Industries produces a comprehensive line of innovative, heavy-duty transit buses from 31’ to 60’ (articulated) at its headquarters in Anniston, Alabama. North American Bus Industries prides itself on its environmentally responsible vehicles with CNG, hybrid-electric and clean diesel propulsion systems.

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Buyer(S) 1

Buyer

NFI Group

Winnipeg, Manitoba, Canada
Category Company
Founded 1895
Sector Machinery
Employees8,566
Revenue 2.7B USD (2023)
DESCRIPTION

NFI Group is a manufacturer of heavy-duty buses in the U.S. and Canada. Offering the broadest line of transit vehicles, Company have secured strong position by providing reliable transportation solutions that meet the needs of today while anticipating the needs of tomorrow. NFI Group was incorporated in 1895 and is based in Winnipeg, Canada.

DEAL STATS #
Overall 2 of 6
Sector (Automotive) 2 of 5
Type (Add-on Acquisition) 1 of 5
State (Alabama) 1 of 1
Country (United States) 1 of 3
Year (2013) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 Daimler Buses Orion Aftermarket Parts

Canada

Daimler Buses Orion Aftermarket Parts supplier of parts required by DBNA for customer warranty support, under Orion bus purchase contracts and pre-closing parts contracts.

Buy $29M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-10 Motor Coach Industries

Des Plaines, Illinois, United States

Motor Coach Industries International, Inc. offers designing, manufacturing, and marketing intercity coaches in North America.

Buy $480M

Seller(S) 1

SELLER

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 20 of 54
Sector (Automotive) 3 of 6
Type (Add-on Acquisition) 10 of 27
State (Alabama) 1 of 1
Country (United States) 14 of 36
Year (2013) 1 of 2
Size (of disclosed) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-09 Greenstar

Wicklow, Ireland

Greenstar is a waste management company serving residential and business customers throughout Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 Bowlero

Mechanicsville, Virginia, United States

Bowlero is an owner and operator of bowling centers in the world, with more than 300 locations, across the U.S., Mexico, and Canada specializing in corporate and private events as well as league and retail bowling. Bowlero portfolio of bowling center brands includes Bowlero, Bowlmor Lanes, AMF Bowling Co., and Brunswick Zone, serving over 28 million guests each year. Bowlero was founded in 1997 and is based in New York City.

Buy -
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