FirstGroup plc announced the sale of school bus contractor First Student and First Transit to EQT Infrastructure, one of the world’s largest infrastructure investors, closed on Wednesday evening.
First Student, the largest student transportation provider in North America with 43,000 school buses in operation, and First Transit operations will reportedly continue as usual and uninterrupted with the same local teams and leadership, according to a press release issued by First Student.
“It’s an exciting time. We now move into a new chapter for our organization,” stated First Student President Paul Osland. “EQT Infrastructure will help us grow, and we’ll continue to invest in our people and cutting-edge technologies. As we look ahead to a new school year, our full focus continues to be on providing safe, reliable, industry-leading service in the communities where we operate.”
Source: School Transportation News
By Taylor Hannon
