Keolis will Double the Size of Canadian
Operations and Expand Their Position as the Operator of Choice for
Urban Transportation, Intercity Buses, and On-Demand Buses in
Western Canada
BOSTON, July 10,
2024 /CNW/ - Today, Keolis North America (Keolis) is
pleased to announce an agreement with Student Transportation of
America (STA) to acquire two business lines within the
Pacific Western Transportation (PWT) portfolio: Transit and
Motorcoach. This agreement represents a significant expansion of
Keolis operations in Canada and
when completed, this acquisition will double Keolis' presence in
the country, adding approximately 550 total operated vehicles
across 23 municipalities, 1,100 employees, and annual revenues of
approximately 115 million Canadian
dollars (84 million USD) in
2023. Upon completion of the deal, Keolis will expand their
position as the operator of choice for urban transportation,
intercity buses, and on-demand buses in Western Canada.
The Transit and Motorcoach business entities that are part of
this agreement include PWTransit Canada Ltd., Prince George Transit
Ltd., Whistler Transit Ltd., Pacific Western Charters Ltd., Red
Arrow Express Ltd., which include the following brands: Ebus and
Red Arrow. When completed, this
transaction will expand the Keolis geographic footprint in
Canada, complementing its current
operations in Quebec and
Ontario. It will solidify Keolis'
position as the operator of choice for public transportation
authorities in Canada.
Under the terms of the agreement, Keolis will be positioned to
provide safe and reliable transportation services for passengers
across the Transit and Motorcoach lines of business in Alberta, British
Columbia, and Ontario.
Keolis will benefit from local expertise while providing
international best practices from its operations in 13 countries on
behalf of over 300 public transportation authorities.
The transaction is subject to customary closing conditions in
Canada, including receipt of
regulatory approvals.
ABOUT KEOLIS
Keolis provides safe and reliable public transportation services
to millions of people every year. With the passenger experience at
the forefront, Keolis reliably and safely provides solutions to
more than 121 million people each year on local bus, commuter bus,
intercity bus, parking, paratransit, tram, and commuter rail
services in North America. A
company that strives to put employees first, Keolis employs more
than 7,500 people throughout the United
States and Canada. Learn
more at www.keolisna.com.
SOURCE Keolis North America