EQT is pleased to announce that EQT Infrastructure has agreed to acquire First Student and First Transit, two North American subsidiaries of the UK publicly listed company, FirstGroup plc for USD4.6 billion.
First Student is the largest student transportation service provider in North America, providing over 900 million student journeys a year to approximately 1,000 school districts. Student transportation is a critical component of the educational ecosystem, with student success metrics and funding directly correlated to attendance, and First Student has been driving positive outcomes for students since its founding in 1983.
First Transit is a leading public transit management operator that transports 350 million passengers annually across approximately 300 locations in North America. Founded in 1955, First Transit provides essential mobility services to communities, college campuses, businesses, and elderly care facilities that are economical, safe, and environmentally friendly.
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