Davey Coach Sales, which is backed by Progress Equity Partners, has acquired Nations Bus Sales California division, located in greater Los Angeles. No financial terms were disclosed. Nations Bus provides transportation equipment solutions.
DENVER (PRWEB) NOVEMBER 12, 2020
Davey Coach Sales, a leading dealer and lease fleet provider of shuttle bus sales, is pleased to announce the acquisition of the Nations Bus Sales California division, located in greater Los Angeles. Nations Bus continues to own and operate its dealership located in Florida. Several Nations Bus employees in California will join the Davey Coach team as part of the transaction.
“The acquisition strengthens our capabilities to serve our expanding regional and national customer base through operations in Colorado, Indiana, and now California,” said Mark Stenseth, President of Davey Coach.
Josh Davey, VP of Sales, added, “We are excited to serve Nations Bus customers in the western U.S. through the same manufacturer relationships, as well as add our full-service capabilities to California, including our fleet of shuttle buses for seasonal and short-term lease.”
David Meck, CFO of Nations Bus, added, “Chip Osborne and I share the same operating philosophies as the team at Davey Coach. We trust them to continue to serve our manufacturing brand partners and our western customers with the same dedication as we have for the last 20 years, while we continue to streamline our focus and growth initiatives from our southeastern U.S. operations in Florida.”
About Davey Coach Sales
Davey Coach Sales headquartered outside Denver, CO, has been one of the leading dealers and lessors of mid-sized buses in North America since the 1990s. Davey Coach represents 15 mid-size bus manufacturers and serves diverse end-markets including, senior care facilities, transportation companies, resorts, and governmental entities throughout the Rocky Mountain region and Western US. Davey Coach is a portfolio company of Progress Equity Partners. For more information regarding Davey Coach, please visit http://www.daveycoach.com.
About Nations Bus
Nations Bus, founded in 1999 by Chip Osborne and David Meck, represents a variety of manufacturers in the mini and mid-sized bus category. The Florida-based company provides transportation equipment solutions to a multitude of market segments including Tour and Charter, Long-Term Care, Transportation Contractors, Hotels/Resorts and Transit Agencies among others. For more information visit http://www.nationsbus.com.
About Progress Equity Partners
Progress Equity Partners, Ltd., with offices in Denver and Dallas, is a private equity investment firm that acquires majority control of entrepreneurial, lower middle market businesses. The principals of Progress Equity are relationship driven, long-term investors and have been partnering with owners and management to build industry leading companies since 1993. For more information, please visit http://www.progressequity.com.