CPE News (6.19.2022) – Student Transportation of America/Student Transportation of Canada (STA/STC) has acquired Pacific Western Transportation (PWT), the largest privately owned transportation company in Canada.
The PWT acquisition will add over 5,000 employees to the STA/STC family of companies and 4,100 vehicles to the STA/STC fleet, including 950 alternative fuels and electric buses.
CDPQ, STA/STC’s controlling shareholder, and minority shareholder Ullico Inc. both reinvested in the company to support its growth through acquisition strategy.
Founded by R.B. (Bob) Colborne and led by Chairman & CEO Michael Colborne, Calgary based Pacific Western provides school bus, employee, transit and coach transportation services, to customers throughout British Columbia, Alberta, Saskatchewan, Ontario, Nova Scotia and Yukon.
Transportation services by Pacific Western include those provided under Century Transportation, Cold Lake Bus Lines, Diversified Transportation BC, McCluskey Transportation, Montgomery Bus Lines, On-It Regional Transit, Prairie Bus Lines, SOUTHLAND Transportation, and Standard Bus Contracting BC & YK brands. All operations will continue without disruption.
Following the acquisition Tom Jezersek, current President & COO for Pacific Western, will continue to lead PWT and its current management and staff.
Founded in 1997, Barrie, Ontario and Wall Township, New Jersey based Student Transportation is an industry leader in school transportation, safety and fleet services. It operates more than 16,000 vehicles, providing customers with the highest level of safe and reliable student transportation, management, logistics and technology solutions throughout the U.S. and Canada.
In April 2018, Caisse de dépôt et placement du Québec (CDPQ) and Ullico Infrastructure Master Fund, L.P. took Student Transportation Inc. (formerly TSX/NSADAQ: STB) private for US $1.1 billion including debt.
photo credit: Pacific Western Transportation
ABOUT STUDENT TRANSPORTATION OF AMERICA
Founded in 1997, Student Transportation of America (STA) is an industry leader in school transportation, safety and fleet services. STA operates more than 16,000 vehicles, providing customers with the highest level of safe and reliable student transportation, management, logistics and technology solutions throughout the U.S. and Canada. Services are delivered by drivers, dispatchers, maintenance technicians, managers, information technology professionals and others, who are caring members of their local communities. For more information, please visit www.rideSTA.com.