Who Bought First Student? (Correct answer)

In April of this year, FirstGroup reached an agreement with EQT Infrastructure for the sale of First Student and First Transit for $4.6 billion.

Has First Student been sold?

FirstGroup PLC has completed the sale of its North American school bus and public transportation companies, First Student and First Transit, to global investor EQT Infrastructure for a total of $4.6 billion.

Who bought First Transit 2021?

EQT is pleased to announce that EQT Infrastructure’s acquisition of First Student and First Transit (“the Company”), two North American subsidiaries of the UK publicly listed company FirstGroup plc, has closed.

Who bought FirstGroup?

EQT is pleased to announce that EQT Infrastructure has agreed to acquire First Student and First Transit (“the Company”), two North American subsidiaries of the UK publicly listed company, FirstGroup plc for USD 4.6 billion.

Does Greyhound own First Student?

First Student is a division of FirstGroup plc, a multinational transport group based in Scotland that owns Greyhound and operates more than 400 school bus charter locations throughout the U.S. and Canada. The company’s U.S. headquarters is in Cincinnati.

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Who owns Greyhound bus?

FirstGroup enters $4.6-billion agreement to sell First Student and First Transit to EQT Infrastructure. “We are pleased to have agreed the sale of First Student and First Transit in a transaction which recognizes their full strategic value.

What company bought out First Transit?

Cincinnati – Today, EQT Infrastructure and FirstGroup announced that the sale of First Student and First Transit to EQT has closed. The deal brings together North America’s market leaders in school and public transportation with one of the world’s largest infrastructure investors.

Has First Student Canada been sold?

“We are pleased to have agreed on the sale of First Student and First Transit in a transaction which recognizes their strategic value. Both are resilient, high-quality businesses with strong prospects for returning to normal levels of service following the pandemic,” said FirstGroup Chief Executive Matthew Gregory.

Who is EQT Infrastructure?

EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of delivering consistent and attractive returns across multiple geographies, sectors and strategies.

Does FirstGroup own Greyhound?

Since October 2021, Greyhound is a subsidiary of German transportation company Flixmobility, but has been based in Dallas, Texas, since 1987. Greyhound and its sister companies in FirstGroup America are the largest motorcoach operators in the United States.

Has Greyhound Lines been sold?

Germany’s FlixMobility acquires Greyhound Lines, the iconic U.S. bus company, in $78M deal. FirstGroup acquired Greyhound back in 2007 in a $3.6 billion deal, part of a bigger strategy to take on the U.S. market (it also bought Ryder, the yellow school bus network, around the same time).

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Has FirstGroup sold Greyhound?

FirstGroup has sold its American Greyhound bus business to a German start-up for $172 million. It runs buses to 2,400 destinations around the country and is based in Dallas, Texas. Its new Munich-based owner runs FlixBus, originally a trans-European bus network it launched in the US three years ago.

Is First America the same as First Student?

– First Student will provide transportation for Chicago Public Schools under a recently announced 10-year contract. FirstGroup America is the leading transportation company in North America. The Company also owns and operates Greyhound. For more information, visit www.firstgroupamerica.com.

Is first group sold?

The Aberdeen-based company’s two top shareholders, Coast Capital and Schroders, have announced public opposition to the $4.6 billion sale of First Student, the biggest school bus operator in the U.S., and outsourced public transport provider First Transit, to EQT Infrastructure.

Has Greyhound been sold 2021?

Long-distance bus operator Greyhound may be a U.S. icon, but it’s staying in European hands after British owner FirstGroup Plc agreed a sale to Germany’s FlixMobility GmbH. After a years-long effort to dispose of Greyhound, FirstGroup will unload the business for $172 million, according to a statement Thursday.

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