Subscribe Today

October 01, 2007  |   Comments (0)   |   Post a comment

STC acquires Elliott companies


SHARING TOOLS   | Email Print RSS
TORONTO — Student Transportation of Canada (STC) has acquired the Elliott companies, a group of Ontario school bus operations.

The deal adds more than 230 vehicles, three locations and $12 million CAD ($11.4 million USD) in annualized revenue to STC, which is an operating subsidiary of Wall, N.J.-based Student Transportation of America.

The Elliott group comprises Fred Elliott Coach Lines Ltd. in Guelph, Elliott Coach Lines Ltd. in Fergus and Elmira Bus Lines in Elmira.

Denis Gallagher, chairman and CEO of STC, said that the acquisition would increase STC’s Canadian dollar operating cash flows and add to the company’s regional density outside of the greater Toronto area.


Post a Comment

Request More Info about this product/service/company

Post a comment





Related Stories

Premium Member

Get bus sales numbers, transportation statistics, bus specifications, industry survey results, bus loading and unloading fatality statistics and more in the School Bus Fleet Research Center. Become a premium member today!
Log in Button Register Button

Newsletter

Get breaking news, industry updates, product announcements and more.