FirstGroup America, Inc.
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FirstGroup America, Inc. - overview
Established
1999
Location
Cincinnati, OH, US
Primary Industry
Transportation Services
About
FirstGroup America, Inc. specializes in providing comprehensive transportation solutions primarily tailored for students, facilitating safe and efficient transit across various educational settings in North America. FirstGroup America, Inc. operates First Student, Inc.
, a provider of student transportation services. Founded in 1999 in Cincinnati, US, the company has established a presence in multiple markets across the United States and Canada. First Student enhances its operations through the proprietary HALO™ technology platform, which integrates safety measures and real-time tracking of vehicles. The founder's specific background is not disclosed, and there is no information on any mergers or acquisitions related to the company.
First Student, Inc. is a leading provider of full-service transportation solutions primarily aimed at the student demographic. The company’s core offerings include home-to-school transportation, special needs transportation services, and charter services for events, field trips, and extracurricular activities. Utilizing its proprietary HALO™ technology platform, First Student enhances safety and efficiency through data-driven metrics and real-time vehicle tracking with the First View® app, allowing parents and caregivers to monitor their child's bus location.
The company serves a diverse client base, including school districts across the United States and Canada, supporting millions of students daily with a fleet of over 46,000 vehicles, which includes electric buses as part of their commitment to sustainability. First Student operates in numerous geographical markets, addressing transportation needs in urban and suburban areas, where reliable and safe student transport is critical. First Student generates revenue through contractual agreements with school districts, offering comprehensive transportation services that include various associated programs. The transaction structure primarily revolves around long-term partnerships with educational institutions where services are billed based on contractual terms, often encompassing fixed fees for regular routes as well as variable pricing for charter services.
Revenue streams may also originate from value-added services facilitated through the HALO™ platform, enhancing operational transparency and safety for clients. Flagship offerings, including the innovative First View® tracking service, play a significant role in enhancing customer satisfaction and retention, establishing First Student as a trusted partner in student transportation. These business interactions underscore the company's focus on delivering quality service while fostering long-term relationships with educational partners. Future growth initiatives for First Student, Inc.
include the development of new transportation technology and enhancements to the HALO™ platform. Specific plans for expanding into additional urban and suburban markets in North America are also being explored, though no exact timelines are provided. Recent funding will be allocated to support these product innovations and geographic expansion strategies.
Primary Industry
Transportation Services
Sub Industries
Public Transit/Transportation, Car Hire Services
Website
www.firststudentinc.com
Total Amount Raised
Subscriber access only
FirstGroup America, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Apple Bus Co, Inc. | - |
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