The business sale process can overwhelm anyone. While we may know our own business, the ability to convey the tangible assets and intangible goodwill to a buyer is best handled by an M&A professional.
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Roselle, NJ (PRWEB) February 8, 2011
Vogel Bus Company, Inc., has been acquired by National Express Group PLC. Sun Mergers & Acquisitions, LLC initiated this transaction, acted as exclusive financial advisor, and negotiated the transaction on behalf of Vogel Bus Company, Inc.
Upon closing Mr. Jerome P. Conlin, CEO of Vogel Bus Company stated:
“The business sale process can overwhelm anyone. While we may know our own business, the ability to convey the tangible assets and intangible goodwill to a buyer is best handled by an M&A professional. Scott O’Rourke approached our firm with multiple Bus Company transactions under his belt and a wealth of knowledge of the key players within the market. Scott and his team’s guidance during every step of this process, together with their connections within the industry and familiarity with school bus transportation, enabled our Company to achieve very favorable transaction terms. I would recommend to anyone within the industry that you welcome a conversation with Scott to explore your exit strategy options.”
Vogel, established more than 50 years ago, provides coach and school bus services to businesses and school districts in New York and New Jersey. It adds over 200 vehicles and annualized revenue in excess of $13 million to National Express Group’s operations.
About National Express Group PLC
National Express Group is a leading transport provider delivering services in the UK, North America, and Spain. The Group provides customer focused transportation services including home-to-school, special needs, and field trip transportation, as well as summer and charter trips for districts and organizations across the United States. National Express first entered the US transportation market in 1998 with the acquisition of Durham School Services. The Group now employs more than 21,000 employees within the country with over 17,000 vehicles.
About Sun Mergers & Acquisitions
Sun M&A is a full-service professional business intermediary firm specializing in all aspects of the confidential sale, merger, acquisition and valuation of privately, held middle-market companies. For more information on Sun, visit http://www.SunMerger.com, or for more information about this transaction, contact Scott O'Rourke at 201-727-1300 or Scott@SunMerger.com.