M&A Deal Summary

Variant Equity Acquires Coach USA

On April 16, 2019, private equity firm Variant Equity acquired transportation company Coach USA from Stagecoach Group for 271M USD

Acquisition Highlights
  • This is Variant Equity’s 1st transaction in the Transportation sector.
  • This is Variant Equity’s largest (disclosed) transaction.
  • This is Variant Equity’s 2nd transaction in the United States.
  • This is Variant Equity’s 1st transaction in New Jersey.
Investment Fate
  • Coach USA went bankrupt in 2024.

M&A Deal Summary
Date 2019-04-16
Target Coach USA
Sector Transportation
Buyer(s) Variant Equity
Sellers(s) Stagecoach Group
Deal Type Divestiture
Deal Value 271M USD

Target

Coach USA

Paramus, New Jersey, United States
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.

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Buyer(S) 1

Buyer

Variant Equity

Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

Variant Equity is a private equity firm focused on acquiring corporate divestitures, private equity owned companies, and businesses facing succession challenges. Variant is industry agnostic and will consider opportunities throughout North America with at least $75 million in revenue. Variant Equity was formed in 2017 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 2 of 3
Sector (Transportation) 1 of 1
Type (Divestiture) 2 of 3
State (New Jersey) 1 of 1
Country (United States) 2 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-04 Certegy

Clearwater, Florida, United States

Certegy is a provider of credit, debit and merchant card processing, e-banking, check risk management and check cashing services to over 6,000 financial institutions, 117,000 retailers and 100 million consumers worldwide. Certegy is based in Clearwater, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Curb Mobility

Long Island City, New York, United States

Curb Mobility provides a comprehensive mobility platform that serves taxi and other for-hire ride operators, regulators, service providers, and riders. Curb Mobility was founded in 2007 and is based in Long Island City, New York.

Sell -

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 11 of 11
Sector (Transportation) 9 of 9
Type (Divestiture) 10 of 10
State (New Jersey) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-19 First Manchester - Wigan Bus Business and Assets

United Kingdom

First Manchester - Wigan Bus Business and Assets operates commercial bus services and a small number of school contracts. The asset also includes leased premises in Wigan bus station, staff facilities, and 120 vehicles. Wigan Bus Business and Assets are located in the United Kingdom.

Buy £12M
Mergr

Product

Company

Legal