[PRCo] First Transit

[Fred Schneider]

I mentioned the SNCF subsidiary.  


On Oct 23, 2013, at 8:30 AM, Edward H. Lybarger wrote:

> This would include the Lenzner operation here in Pittsburgh.
> 
> -----Original Message-----
> From: pittsburgh-railways-bounces at mailman.dementix.org
> [mailto:pittsburgh-railways-bounces at mailman.dementix.org] On Behalf Of John
> Swindler
> Sent: Tuesday, October 22, 2013 5:30 PM
> To: Western PA Trolley discussion
> Subject: [PRCo] First Transit
> 
> 
> 
> 
> 
> About a week or so ago Fred3 mentioned either First Transit or Stagecoach as
> possibly operating some British rail lines.  
> 
> While exercising the delete key, came across the following.  As a warning,
> this was ten years ago.  As a possible Pittsburgh connection, First Transit
> operates the replacement for the Charleroi interurban.
> 
> 
> 
> FIRSTGROUP PLC:  US
> TRANSIT ACQUISITION
> 
> Company News Feed formerly Regulatory News Service
> 
> 
> May 22, 2003
> 
> 
> 
> FirstGroup plc is pleased to announce that it has agreed terms under which 
> 
> its North American transit division, will purchase the operational assets of
> 
> 
> 
> Coach USA's transit division, a wholly owned subsidiary of Stagecoach Group 
> 
> 
> plc, for a purchase price of US$22.5 million.
> 
> 
> 
> The business to be acquired has annualised turnover of US$95 million. Assets
> 
> 
> include operational contracts from Coach USA's transit division. The 
> 
> 
> business has contracts to operate some 1,200 buses on behalf of transit 
> 
> 
> authorities and other bodies in states such as California, Florida and New 
> 
> 
> York and employs some 2,000 staff.
> 
> 
> 
> The transaction is conditional on, among other things, approval from 
> 
> affected public authorities.
> 
> 
> 
> Commenting, Iain Lanaghan, Finance Director said: "This is an excellent 
> 
> strategic fit with our existing transit operations in the US and continues 
> 
> 
> our successful programme of in-fill acquisitions at attractive multiples. 
> 
> 
> Across our three North American divisions, First Student, First Transit and 
> 
> 
> First Services we are continuing to grow by winning new business and making 
> 
> 
> acquisitions."
> 
> 
> 
> FirstGroup plc is a UK based international transport company with a
> turnover 
> 
> of more than 2 billion a year, and 57,000 employees throughout the UK and 
> 
> 
> North America.
> 
> 
> 
> * The Group is Britain's largest bus operator running more than one in five 
> 
> of all local bus services. A fleet of some 9,500 buses carries 2.7 million 
> 
> 
> passengers a day in more than 40 towns and cities.
> 
> 
> 
> * The Group is also one of the UK's largest rail operators with three 
> 
> franchises - First Great Western, First Great Eastern and First North 
> 
> 
> Western. It is introducing new trains in each franchise at a cost of than 
> 
> 
> 200 million. The group operates nearly one-fifth of the UK passenger rail 
> 
> 
> network, with a balanced portfolio of inter-city, London commuter, and 
> 
> 
> regional services.
> 
> 
> 
> * It holds the operating contract for the Croydon Tramlink network, which 
> 
> carries over 20 million passengers a year.
> 
> 
> 
> * In North America the Group has three operating divisions:
> Yellow School 
> 
> Buses (First Student), Transit Contracting and Management Services (First 
> 
> 
> Transit) and Vehicle Maintenance and ancillary services (First Services).  
> 
> 
> Headquartered in Cincinnati the businesses operate across the US and Canada.
> 
> 
> 
> + First Student is the second largest provider of Yellow
> school buses in the 
> 
> USA and the third largest in Canada. With a fleet of some
> 15,500 school 
> 
> 
> buses it transports nearly one million students everyday.
> 
> 
> 
> + First Transit is one of the largest private sector
> providers of urban bus 
> 
> services in the US, managing public transport systems on behalf of cities 
> 
> 
> such as Houston, Dallas and Denver.
> 
> 
> 
> + First Services is the largest private sector provider of
> vehicle 
> 
> maintenance in the US. Maintaining fleets and equipment for primarily public
> 
> 
> 
> sector customers such as cities, counties, fire and police departments
> 
> 
> 
> 
> 
> 
> 		 	   		  
> 
> 
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