🚍Tentative Approval for Trivest Acquisition of Cline Companies
Trivest Fund VII, L.P. and Passenger Transport Holdings, L.P.-Acquisition of Control-Cline Tours, Inc. et al.
Summary
Trivest Fund VII, L.P. (Trivest) and its subsidiary, Passenger Transport Holdings, L.P. (PTH) (collectively, Applicants), both noncarriers, filed an application seeking authority to acquire control of Cline Tours, Inc. (Cline), a passenger motor carrier, and Cline's passenger motor carrier subsidiaries, Bus Supply Charters, Inc. (BSCI) and Crown Coach Corporation (Crown) (collectively, the Cline Companies). Cline also seeks after-the-fact authority for its prior acquisition of BSCI and Crown. The Board is tentatively approving and authorizing these transactions. If no opposing comments are timely filed, this notice will be the final Board action.
Agencies
- Surface Transportation Board
Business Impact
$$ - Med
The text addresses a tentative approval for the acquisition of Cline Companies by Trivest and Passenger Transport Holdings, which involves financial transactions and regulatory compliance impacting business operations. This acquisition can influence market competition, service adequacy, and operational finance through additional debt and equity structures.