M&A Deal Summary |
|
|---|---|
| Date | 2003-06-02 |
| Target | Coach USA - New England Region |
| Sector | Transportation |
| Buyer(s) | Peter Pan Bus Lines |
| Sellers(s) | Coach USA |
| Deal Type | Divestiture |
| Deal Value | 40M USD |
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| Category | Company |
|---|---|
| Founded | 1933 |
| Sector | Transportation |
Peter Pan Bus Lines is one of the largest privately-owned motorcoach companies in the United States, serving over 100 communities throughout the Northeast corridor, with daily express service, including Boston, New York, Philadelphia, Baltimore and Washington, DC. Peter Pan Bus Lines holds the highest safety rating from the U.S. Department of Transportation and the U.S. Department of Defense.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Transportation) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2003) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
Coach USA is a provider of passenger transportation and mobility services including intercity bus, public transit, employee transportation, campus shuttle, and airport transportation services. Coach USA was founded in 1995 and is based in Paramus, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Transportation) | 2 of 2 |
| Type (Divestiture) | 2 of 2 |
| Country (United States) | 2 of 2 |
| Year (2003) | 2 of 2 |
| Size (of disclosed) | 1 of 2 |
| 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. |
Sell | $23M |
