National Express Group has increased the size of its US school bus fleet by 20% with the acquisition of Petermann Partners. The $200m deal for the 3,350 vehicle company consolidates NEG’s position as the second largest US school bus service provider, taking its fleet to 20,000 vehicles. It also gives NEG a foothold in the US paratransit market.
The deal sees Australian bank Macquarie exit another transport business following the sale of its East London bus operations, and its stake in a...
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