🚍Regulatory Approval for Acquisition of Roadrunner Charters and Clark Travel
Trivest Fund VII, L.P. and Passenger Transport Holdings, L.P.-Acquisition of Control-Roadrunner Charters Inc. et al.
Summary
On May 5, 2025, Trivest Fund VII, L.P. (Trivest), a noncarrier, and its noncarrier subsidiary Passenger Transport Holdings, L.P. (PTH) (collectively, Applicants), filed an application for authority to acquire all voting securities of Roadrunner Charters, Inc. (Roadrunner), and its affiliate, Clark Charters and Travel, Inc., d/b/a Clark Travel Enterprises (Clark) (collectively, Acquired Carriers). Both Roadrunner and Clark are interstate passenger motor carriers holding operating authority issued by the Federal Motor Carrier Safety Administration (FMCSA). The Board is tentatively approving and authorizing this transaction. If no opposing comments are timely filed, this notice will be the final Board action.
Agencies
- Surface Transportation Board
Business Impact
$$ - Med
The content outlines a regulatory approval for the acquisition of Roadrunner Charters and Clark Travel, impacting business operations in the passenger transportation sector. The transaction may influence compliance requirements, competitive dynamics, and financial structuring as it involves significant financial oversight and competitive service levels.