EQT is pleased to announce that EQT Infrastructure’s acquisition of First Student and First Transit (“the Company”), two North American subsidiaries of the UK publicly listed company FirstGroup plc, has closed.
EQT is a purpose-driven global investment organization with more than EUR 67 billion in assets under management across 26 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
About First Student
First Student is the largest student transportation service provider in North America, providing over 900 million student journeys a year at approximately 1,000 school districts. The Company has 48,000 employees who operate a fleet of over 42,000 school busses and provide an essential service to North American students.
More info: https://firststudentinc.com/
About First Transit
First Transit is a leading public transit management operator that transports over 300 million passengers annually across around 300 locations in North America. Founded in 1955, First Transit provides essential mobility services to communities, college campuses, businesses, and elderly care facilities that are economical, safe, and environmentally friendly.
More info: https://www.firsttransit.com/
EQT Infrastructure is committed to helping future-proof the Company by investing in the electrification of its fleet and accelerating its transition to renewable fuel sources in order to support passenger health and reduce environmental impact.
As a long-term investor, EQT Infrastructure looks forward to making significant investments in the Company’s organization, operations and digital technology so that it can continue to provide its essential services to students and communities across North America for years to come.
US inquiries: Stephanie Greengarten, +1 646 687 6810, firstname.lastname@example.org
International inquiries: EQT Press Office, +46 8 506 55 334, email@example.com