STA closes Canadex acquisition, gains credit facility
TORONTO — Student Transportation of America Ltd. (STA) has competed its acquisition of Canadex Resources Ltd. The purchase, valued at $41.8 millio...
TORONTO — Student Transportation of America Ltd. (STA) has competed its acquisition of Canadex Resources Ltd.
The purchase, valued at $41.8 million in Canadian dollars, is expected to boost STA’s Canadian revenue by 67 percent, increase cash flow by 15 percent and expand its operations in and around Toronto. It also makes STA the fourth largest provider of pupil transportation services in Canada, with nearly 1,000 buses and about $40 million (Canadian) in annual revenue.
STA made its initial offer to Canadex shareholders in November.
Canadex’s school bus transportation division will continue to operate under the name Parkview Transit.
STA also secured increased commitments under its existing senior credit facilities by $40 million. Company officials said that the increase in commitments will provide working capital and support the company’s continued growth.
More Management
Meet the 2025 School Bus Driver Hero Winner: Annette Brown
We caught up with Wa-Nee Community Schools' Annette Brown on site at SBFX, where she was named the 2026 School Bus Driver Hero Award winner. Hear about her reaction, what she loves most about being a school bus driver, and more!
Read More →
Predictability Is Like Ketchup (According to 6-Year-Olds)
To students, a different school bus can feel like a full-blown crisis. One driver reflects on why familiar routines, showing up on time, and being reliably boring matter more than we think.
Read More →
Samsara Launches Free Driver Rewards Program
The new Driver Perks program gives eligible professional drivers access to discounts and offers without adding a cost for participating fleets.
Read More →
How Tax-Exempt Municipal Leases Can Help Finance School Buses
Let’s explore school bus financing options, including municipal leases, vendor payable accounts, and balloon payments, and how they can help stretch fleet budgets.
Read More →
Nominate Rising School Transportation Pros Under 40!
We’re searching for the next generation of leaders making an impact across the K-12 student transportation industry to recognize as SBF’s 2027 Trailblazers. Nominations are open now!
Read More →
Changing Lanes: BusWhere, EverDriven, InterMotive, Summit School Services, Switzer-Carty & Thomas Built Buses
Check out who's been hired, promoted, and appointed to leadership positions at various school transportation suppliers, contractors, and manufacturers.
Read More →
The Most Expensive Thing You Do Before Selling a School Bus: Wait
When should you sell an aging school bus? Learn how maintenance, mileage, corrosion, specifications, and timing can affect resale value long before the auction.
Read More →
American Student Transportation Partners Acquires AJ Myers and Sons
A new deal brings a 75-year Pennsylvania student transportation provider into one of the nation’s largest private school bus contracting groups.
Read More →
What I Brought Home From SBFX: Relationships, Leadership, and Preparing What's Next
Who could lead your transportation operation tomorrow if you couldn't? Bernando Brown explores succession planning, mentorship, and preparing emerging leaders to step up.
Read More →
Inside School Bus Fleet ConneX 2026: Industry Leaders Connect in Scottsdale [Photos]
See highlights from SBFX 2026 in Arizona, where school bus operators and suppliers gathered for meetings, education, networking, awards, and more.
Read More →