Student Transportation acquires N.J. bus company
The contractor completes its acquisition of School Transportation Services, which is based in Passaic County. Officials say the deal will add over 90 vehicles to the company’s fleet and annualized revenues of just over $5.4 million.
WALL, N.J. — Student Transportation Inc. (STI) has acquired School Transportation Services (STS), based in Passaic County, N.J.
The acquisition will add over 90 vehicles to the company’s fleet and annualized revenues of just over $5.4 million. STI utilized availability under its current senior credit facility to fund the acquisition.
Management expects the deal to be immediately accretive to shareholders of its common stock. The transaction and closing were contingent upon meeting certain conditions and receiving various consents and renewals, which have been obtained.
"With this acquisition, we have completed the last of four previously announced letters of intent we signed in July," said Patrick Vaughan, chief operating officer. "STS is a family-owned and-operated business for over 40 years. This deal complements the service of our existing North Jersey locations and creates synergies in operations with facilities and additional assets under management."
Moreover, the company has reported that fiscal year 2012 revenues are currently projected to reflect a 12 percent year-over-year increase with the new business secured to date.
More Management
5 Questions: How CharterUP Brought a Marketplace to Student Transportation
What does it take to bring a transportation marketplace into K-12? Hear firsthand what CharterUP has learned about the unique needs of schools and bus operators.
Read More →
EverDriven Expands TripCentral Transportation Management Platform to All Partner Districts
The platform provides school districts with real-time trip tracking, student transportation scheduling tools, and pickup and drop-off management capabilities.
Read More →
6 School Transportation Trends to Watch: 2026 District Survey Results
School bus buying is up, fuel choices are shifting, and driver shortages persist. This and more in the latest K-12 public school survey, plus the largest fleets in the U.S.
Read More →
The 100 Largest School Bus Fleets in America: 2026 Rankings
Which public K-12 school districts are the largest in the nation in terms of bus fleet size? Here are the new standings of the top 100 district fleets.
Read More →
EverDriven Launches Route Consolidation Calculator to Estimate Diesel Savings
As diesel prices hit record highs, the largest alternative transportation provider says a 10% route consolidation could save a 120-route district more than $78,000 a year in fuel alone.
Read More →
Zum Secures Continued Financing Support for School Bus Expansion
Generate Private Credit has financed approximately $75 million in school bus deployments across three states, supporting more than 500 buses as Zum expands across the county.
Read More →
Beyond Discipline: A Different Approach to Student Behavior on the Bus
After implementing a dean of students program in Oregon, North Clackamas is seeing positive improvements. Here’s how it worked. The Route is brought to you by IC Bus.
Read More →
A Dean of Transportation's Different Approach to Student Behavior on the School Bus
After implementing a dean of students program in Oregon, North Clackamas is seeing positive improvements on the bus. Here’s how it worked.
Read More →
Inside NAPT ACTS 2026: Highlights from Louisville
From federal updates and student behavior strategies to new school bus technology and industry awards, see highlights from NAPT ACTS 2026 in Louisville.
Read More →
Meet the 2026 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 →