M&A Deal Summary

Texas Taxi Acquires Coach USA - Texas taxi Operations

On September 18, 2003, Texas Taxi acquired transportation company Coach USA - Texas taxi Operations from Stagecoach Group for 28M USD

Acquisition Highlights
  • This is Texas Taxi’s 1st transaction in the Transportation sector.
  • This is Texas Taxi’s largest (disclosed) transaction.
  • This is Texas Taxi’s 1st transaction in the United States.
  • This is Texas Taxi’s 1st transaction in Texas.

M&A Deal Summary
Date 2003-09-18
Target Coach USA - Texas taxi Operations
Sector Transportation
Buyer(s) Texas Taxi
Sellers(s) Stagecoach Group
Deal Type Divestiture
Deal Value 28M USD

Target

Coach USA - Texas taxi Operations

Texas, United States
Coach USA - Texas taxi Operations which cover Houston, San Antonio and Austin, are the largest of Coach USA’s taxi businesses. The Texas business has around 350 employees and operates a total of 2100 cars.

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Buyer(S) 1

Buyer

Texas Taxi

Houston, Tennessee, United States
Category Company
Founded 2003
Sector Transportation
DESCRIPTION

Texas Taxi, Inc. (“Texas Taxi”) was founded in 2003 to acquire Greater Houston Transportation Company, Greater Austin Transportation Company and Greater San Antonio Transportation Company and several sister companies in the Houston, Austin and San Antonio markets (together, the “Companies”). The companies do business as Yellow Cab, United Cab, Taxis Fiesta and Towne Car in Houston; American Yellow Checker Cab in Austin; and Yellow Checker Cab in San Antonio.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2003) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Stagecoach Group

Perth, United Kingdom
Category Company
Founded 1980
Sector Transportation
Employees24
Revenue 1.2B GBP (2022)
DESCRIPTION

Stagecoach Group is a public transport provider in the UK and North America. Stagecoach Group was founded in 1980 and is based in Perth, United kingdom.

DEAL STATS #
Overall 6 of 11
Sector (Transportation) 5 of 9
Type (Divestiture) 6 of 10
State (Texas) 2 of 2
Country (United States) 2 of 3
Year (2003) 2 of 2
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-01 Coach America Group

Dallas, Texas, United States

Coach American Group, Inc. is a provider of motorcoach services in North America, operating through 17 regional divisions located in nine states in the Western and South Central regions of the United States. Services provided by the Company included motorcoach charters, tours and sightseeing, commuter transportation, airport shuttles and contract services for municipalities and corporations.

Sell $155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-13 Glenvale Transport

Liverpool, United Kingdom

Glenvale operates local bus services in Merseyside. Glenvale now operates from two depots in North East Liverpool and has an annualised turnover of approximately £25 million.

Buy £3M
Mergr

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