🚌Tentative Approval for ISQ Bus BidCo Acquisition of A&S Transportation
ISQ Bus BIDCO, Inc. et al.-Acquisition of Control-A&S Transportation Incorporated et al.
Summary
On April 25, 2025, the following entities filed an application to acquire from Mobico Group PLC (the Seller) indirect control of the Seller's North American home-to-school transportation entities, which include regulated interstate passenger motor carriers (the Acquired Regulated Entities): ISQ Bus BidCo, Inc. (BidCo); ISQ Global Infrastructure Fund III (UST) Bus AIV, LP (Fund UST); ISQ Global Infrastructure Fund III (USTE) Bus AIV, LP (Fund USTE); ISQ Global Infrastructure Fund III Bus AIV, LP (Fund AIV); and ISQ Global Infrastructure Fund III (EU) Bus AIV, LP (Fund EU) (collectively, the Applicants). The Board is tentatively approving and authorizing the transaction, and, if no opposing comments are timely filed, this notice will be the final Board action.
Agencies
- Surface Transportation Board
Business Impact
$$$ - High
The text discusses a tentative approval for an acquisition that impacts the regulation of intercity passenger transport. The outcome affects business operations, competition within the industry, and compliance with public interest considerations. The ability to maintain and expand contracts presents financial implications.