Kelsian Group is expanding its global reach as it announces its latest acquisition of a major American coach operator
In international news, transport operator Kelsian Group has entered into a binding agreement to acquire 100 per cent of a leading provider of passenger motorcoach services to American corporate, government and tourism customers.
Kelsian Group has fully acquired All Aboard America! Holdings Inc. (AAAHI), with the acquisition enterprise value being US$325 million in addition to lease liabilities.
Kelsian says AAAHI is a leading transport solutions platform providing contract and charter coach passenger services in the south and south-west of the USA.
The business services a loyal customer base of more than 2,000 customers across the corporate, government, education and tourism sectors and achieves high levels of contract renewals and recurring revenue.
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AAAHI consists of six geographically diversified, highly regarded brands with strong cultural alignment. The business operates a decentralised model for tailored customer engagement in each region, which is important for winning local contracts.
Over its history, AAAHI has made continuous investment in people, fleet and operations, with an emphasis on safety. Leadership in each operational market provides a recruiting advantage and has assisted in maintaining strong driver retention.
The acquisition is expected to be completed before June 30 this year, with it needing regulatory approval from the United States Surface Transportation Board (STB) before it can be finalised.