- Coach America
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Coach America
American Coach Lines
American Coach Lines #598 in New York City.Slogan "We Make the Trip" Parent Fenway Partners Founded 2003 Headquarters Dallas, TX Locale United States Service area United States except New England and New York, Pittsburgh, and Chicago metropolitan areas Service type Local bus service, commuter bus service, contract service, charter service, leasing services, crew transport Operator Various Coach America/American Coach Lines subsidiaries nationwide Chief executive George Maney Web site Coach America Coach America, also doing business as American Coach Lines, is a holding company for American bus services owned by New York-based private equity firm Fenway Partners operating under the Coach America, American Coach Lines, and Gray Line names (at some locations, operating under pre-existing branding). Coach America consists of all former Coach USA operations except for the midwestern United States, New York, New Jersey, Pennsylvania, and New England, along with Lakefront Lines in Ohio (acquired separately).[1] Coach America has its headquarters in Dallas, Texas.[2]
Contents
History
See also: Coach USAThe properties that became Coach America were previously owned by Scottish-based Stagecoach Group as Coach USA's Western, South Central, and Southeastern divisions. Coach America was formed when, after Stagecoach Group evaluated its Coach USA business, decided to retain mostly its scheduled and local transit services in the Northeast and North Central region and put the rest of the company up for sale.[3] The South Central and West divisions of Coach USA were sold to Kohlberg,[4] with these companies continuing to use the Coach USA name for a time, but eventually changing to the current Coach America. The Southeast division, was sold to a separate buyer, Lincolnshire Management.[5]
In 2006, Coach America purchased American Coach Lines from Lincolnshire Management.[6] In November of that same year, Kohlberg sold Coach America to another private equity firm, Fenway Partners.[7]
Today, Coach America operates under several different brand names in the Southwest Southeast, and western United States, including the Coach USA name (under license from Stagecoach Group), Arrow Stage Lines, American Coach Lines, Dillon's, Kerrville Bus Company, Cruise Connection, Gray Line, Lakefront Lines, Midnight Sun, and All West brands, among others.[7][8]
Divisions
Coach America is organized into several divisions:[8]
- Mountain: Based in Las Vegas with the Western Division office, this division consists of subsidiaries based in Arkansas, Colorado, North Dakota, Tennessee, Ohio, and Wyoming.
- Northwest: This division based in Sacramento consists of companies based in northern California, northern Nevada, and Oregon.
- South Central: This division based in Houston comprises companies based in Texas and Louisiana.
- Southeast: This division, based in Orlando, consists of the former American Coach Lines companies.
- West: Based in Las Vegas, this division comprises subsidiaries based in Arizona, southern Nevada, and southern California.
- Crew Transport: Provides transportation to the industrial sector. Based in 15 States, Crew Transport provides service to Railroad, Airline, Mine, and Oil & Gas
See also
References
- ^ "Notice: National Rural Transportation Assistance Program; Request for Proposals". 2008-02-26. http://www.scribd.com/doc/2751333/Notice-National-Rural-Transportation-Assistance-Program-Request-for-Proposals. Retrieved 2008-10-22.
- ^ "Contact Us." Coach America. Retrieved on February 25, 2010.
- ^ "Coach USA up for sale after write-down drives Stagecoach into pounds". The Independent. 2002-12-15. http://findarticles.com/p/articles/mi_qn4158/is_20021205/ai_n12661365. Retrieved 2008-06-21.[dead link]
- ^ "Stagecoach Group agrees terms for the sale of the West and South Central regions of Coach USA". 2003-06-06. http://www.stagecoachgroup.com/scg/media/press/pr2003/2003-06-06/. Retrieved 2008-06-22.
- ^ "Stagecoach to sell Coach USA unit for $48m (The Independent)". 2003-07-25. http://findarticles.com/p/articles/mi_qn4158/is_20030725/ai_n12706081?tag=content;col1. Retrieved 2008-06-21.[dead link]
- ^ "Lincolnshire Management Inc. sells American Coach Lines, Inc.". 2006-05-11. http://www.loeb.com/lincolnshiremanagementincsellsamerican/. Retrieved 2008-07-12.
- ^ a b "Fenway Partners to Purchase Coach America". Business Wire. 2006-11-30. http://www.allbusiness.com/finance/equity-funding-stock/3964514-1.html. Retrieved 2008-07-12.
- ^ a b "Coach America - About Us". http://www.coachamerica.com/aboutus.cfm. Retrieved 2008-07-12.
External links
Categories:- Companies established in 2003
- Bus companies of the United States
- Companies based in Dallas, Texas
- Privately held companies based in Texas
- Private equity portfolio companies
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