M&A Deal Summary

North American Bus Industries Acquires Optima Bus

On August 21, 2006, North American Bus Industries acquired transportation company Optima Bus from American Capital

Acquisition Highlights
  • This is North American Bus Industries’ 1st transaction in the Transportation sector.
  • This is North American Bus Industries’ 1st transaction in the United States.
  • This is North American Bus Industries’ 1st transaction in Kansas.

M&A Deal Summary

Date 2006-08-21
Target Optima Bus
Sector Transportation
Buyer(s) North American Bus Industries
Sellers(s) American Capital
Deal Type Add-on Acquisition
Advisor(s) Headwaters MB (Financial)

Target

Optima Bus

Valley Center, Kansas, United States
Optima Bus Corp., formerly Chance Coach, Inc is a bus manufacturer.

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Buyer(S) 1

Buyer

North American Bus Industries

Anniston, Alabama, United States

Category Company
Founded 1992
Sector Automotive
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1

Seller(S) 1

SELLER

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 47 of 194
Sector (Transportation) 1 of 2
Type (Add-on Acquisition) 24 of 87
State (Kansas) 2 of 4
Country (United States) 46 of 186
Year (2006) 16 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-21 Berry-Hill Galleries

New York, New York, United States

Berry-Hill Galleries, Inc. is a leading New York-based fine arts galleries. Berry-Hill Galleries Inc., a leading New York-based fine arts gallery specializing in eighteenth, nineteenth and early twentieth century American paintings.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-28 BC Natural Foods

Petaluma, California, United States

BC Natural Foods LLC is an integrated producer, distributor and marketer of organic and natural fresh chicken meat. It was the first company to sell chicken with the U.S. Department of Agriculture certification for organic poultry, trademarked as Rosie the Organic Chicken.

Sell -