Regency Realty Brokers Major School Bus Merger

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Westchester and Bronx Students to Benefit from Joint Venture Between Miles Square Transportation and the Largest Student School Bus Company in North America.

Reggie [Chennattu] of Regency Commercial Real Estate introduced us to First Student and helped facilitate the joint venture to orchestrate the entire deal,

First Student, Inc. and Mile Square Transportation recently announced a joint venture to provide student transportation services in the Hudson Valley, Westchester and Bronx areas in New York under the name First Mile Square, LLC. This partnership combines North America’s largest student transportation provider with the leading school bus service in lower-Westchester County, New York.

The new venture will build on Mile Square’s customer relationships, existing fleet and staff, along with First Student’s industry-leading safety practices, training programs and scalable resource model. First Mile Square will continue to be based in Yonkers, and Mile Square Transportation President Harry Rodriguez will maintain a senior leadership role in the new venture.

When the opportunity arose to unite with First Student—which boasts an international fleet of 49,000 buses, Harry Rodriguez, owner of Mile Square Transportation was thrilled. “I am living the American dream,” beamed Argentinian-born Rodriguez, where he recalled how in 1989 he began his school bus company with just one vehicle. Today, Mile Square Transportation has over 460 yellow school buses that are housed in seven locations throughout lower-Westchester.    
“Partnering with First Student—a powerful, award-winning industry leader in safety, reliability and service—is a chance of a lifetime. I believe First Student will provide the expertise, support, training, and access to technological advances needed to ensure Mile Square Transportation’s future success,” says Rodriguez.

First Student President Dennis R. Maple added, “It is a privilege to serve Hudson Valley, Westchester and the Bronx, and to lend our support to the trusted relationships that have been built here. Our focus throughout this transition has been on the vitality of the local community. The First Student Vision of ‘keeping people moving and communities prospering’ is what we are committed to continuing as First Mile Square.”

“I’m grateful to have such a strong circle of supporters who helped me along the way. Many thanks to my drivers, mechanics and dispatchers, as well as the community leaders and school personnel,” says Rodriguez; he continued with praise of his long-time attorney, Paul W. Meyer, Jr., Esq., for his diligent legal counsel and Rajeev (Reggie) Chennattu, Principal Broker at Regency Commercial Realtors, the person responsible for presenting the idea of a joint venture to Rodriguez; and Christian Gartner, SVP of Finance at First Student. “Reggie introduced us to First Student and helped facilitate the joint venture to orchestrate the entire deal.”

Fully operational as of September 1 as First Mile Square, what facet of the new business does the company expect to tackle first? “We will take on an even greater role in the service of our community and will remain focused on continually improving safety and reliability," said Rodriguez. "After all, we are carrying our children who have always been our first priority and will continue to be at First Mile Square.”

About Miles Square Transportation. Established in 1989, Mile Square Transportation is one of the largest school transportation providers with over 460 buses on the road in lower-Westchester County. From its seven locations throughout the County, Mile Square Transportation employs dozens of transportation specialists who are focused on providing the very best record of safety, service and reliability to the communities in which they serve. For more information, please contact Mile Square Transportation at 914-423-9471.

About First Student, Inc. First Student, Inc. — a division of FirstGroup plc — is the largest provider of student transportation services in North America. The company safely transports approximately six million students every day in the US and Canada with a fleet of 49,000 buses. For more information, please visit http://www.firststudentinc.com. FirstGroup plc is the leading transport operator in the UK and North America with revenues of more than £6.7 billion a year. The company employs approximately 117,000 employees and transports around 2.5 billion passengers a year. FirstGroup’s vision is to provide solutions for an increasingly congested world … keeping people moving and communities prospering.

About Regency Commercial Realtors (RCRE). A commercial real estate and business division of Regency Homes Realty Group, Inc. of Scarsdale, NY which focuses on providing premium and comprehensive investment sales and advisory services to individuals, investors and businesses. Since Regency’s inception in 1994, identifying and facilitating transactions that would help increase its clients net worth over period of time was Regency’s priority and mantra. With solid expertise in putting together major business deals, RCRE is well equipped to handle all aspects of complex transactions from conducting due diligence and financial analyses to negotiations. For more information, please call, 1-888-459-4666 xx 301 or visit http://www.regencyrealtyonline.com.

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Rajeev Chennattu
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