|
NEWS HEADLINES |
|
|
CLASSIFIEDS |
» The South Florida Regional Transportation Authority has an opening for an operations project manager, fleet maintenance. [More] |
» The Port Authority of New York and New Jersey is looking for a supervising analyst, bus operations. [More] |
» The New Orleans Regional Transit Authority requests proposals for an Automatic Vehicle Location/Computer Aided Dispatch system for the fixed-route bus and streetcar services. [More] |
View more Classified Ads » |
TO PLACE AN AD: E-mail the requested date(s) of publication to: ptads@apta.com. Mailing address is: Passenger Transport, 1300 I Street NW, Suite 1200 East, Washington, DC 20005.
Ad copy is not accepted by phone. DEADLINE: 3 p.m. EST, Friday, one week prior to publication date. INFORMATION: Phone (202) 496-4877. |
New Flyer to Acquire Motor Coach Industries; Transaction to Close by Year's End
New Flyer Industries Inc., Winnipeg, MB, Canada, announced Nov. 10 that it has entered into a definitive agreement to acquire Motor Coach Industries International Inc. (MCI), Des Plaines, IL, from an affiliate of KPS Capital Partners L.P. for $455 million, subject to certain purchase price adjustments.
Management expects the transaction to close by the end of 2015.
MCI, founded in 1933 in Winnipeg, has three manufacturing facilities and nine service and parts distribution centers. As of Dec. 31, 2014, the company had the largest installed base of motorcoaches in North America with approximately 28,000 units, nearly twice the installed base of its nearest competitor.
“We are thrilled to combine North America’s number-one brand in heavy duty transit buses with North America’s number-one brand in motorcoaches,” said New Flyer President and Chief Executive Officer Paul Soubry.
|