Coach America

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Coach America
American Coach Lines
logo
image
American Coach Lines #598 in New York City.
Slogan"We Make the Trip"
ParentFenway Partners
Founded2003 (defunct 2012)
HeadquartersDallas, TX
LocaleUnited States
Service areaUnited States except New England and New York, Pittsburgh, and Chicago metropolitan areas
Service typeLocal bus service, commuter bus service, contract service, charter service, leasing services, crew transport
OperatorVarious Coach America/American Coach Lines subsidiaries nationwide
Chief executiveGeorge Maney
Web siteCoach America
 
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Coach America
American Coach Lines
logo
image
American Coach Lines #598 in New York City.
Slogan"We Make the Trip"
ParentFenway Partners
Founded2003 (defunct 2012)
HeadquartersDallas, TX
LocaleUnited States
Service areaUnited States except New England and New York, Pittsburgh, and Chicago metropolitan areas
Service typeLocal bus service, commuter bus service, contract service, charter service, leasing services, crew transport
OperatorVarious Coach America/American Coach Lines subsidiaries nationwide
Chief executiveGeorge Maney
Web siteCoach America

Coach America, also doing business as American Coach Lines, was a holding company for American bus services owned by New York-based private equity firm Fenway Partners operating under the Coach America, American Coach Lines, and Gray Line names (at some locations, operating under pre-existing branding). Coach America consisted of all former Coach USA operations except for the midwestern United States, New York, New Jersey, Pennsylvania, and New England, along with Lakefront Lines in Ohio (acquired separately).[1] For the nine years of its existence, Coach America was based in Dallas, Texas.[2]

Contents

History

The properties that became Coach America were previously owned by Scottish-based Stagecoach Group as Coach USA's Western, South Central, and Southeastern divisions. Coach America was formed when, after Stagecoach Group evaluated its Coach USA business, decided to retain mostly its scheduled and local transit services in the Northeast and North Central region and put the rest of the company up for sale.[3] The South Central and West divisions of Coach USA were sold to Kohlberg,[4] with these companies continuing to use the Coach USA name for a time, but eventually changing to the current Coach America. The Southeast division was sold to a separate buyer, Lincolnshire Management.[5]

In 2006, Coach America purchased American Coach Lines from Lincolnshire Management.[6] In November of that same year, Kohlberg sold Coach America to another private equity firm, Fenway Partners.[7]

In early 2012, following a Chapter 11 bankruptcy, the assets of Coach America were sold in units. Stagecoach repurchased eight of the Coach America properties that it had sold in the 2003 divestiture, plus Lakefront Lines/Hopkins Transportation in Ohio. Tornado Bus Company bought the El Expreso operation, Professional Transportation, Inc. purchased Coach America's rail crew division, and Transportation Management Services purchased the remainder of Coach America's operations, except for the Los Angeles DOT contract, which was sold to MV Transportation. The Dallas office will close in July, at which time Coach America will cease operations.[8][9]

Divisions

Coach America was organized into several divisions:[10]

See also

References

  1. ^ "Notice: National Rural Transportation Assistance Program; Request for Proposals". 2008-02-26. http://www.scribd.com/doc/2751333/Notice-National-Rural-Transportation-Assistance-Program-Request-for-Proposals. Retrieved 2008-10-22. 
  2. ^ "Contact Us." Coach America. Retrieved on February 25, 2010. Archived February 13, 2010 at the Wayback Machine
  3. ^ "Coach USA up for sale after write-down drives Stagecoach into pounds". The Independent. 2002-12-15. http://findarticles.com/p/articles/mi_qn4158/is_20021205/ai_n12661365. Retrieved 2008-06-21. [dead link]
  4. ^ "Stagecoach Group agrees terms for the sale of the West and South Central regions of Coach USA". 2003-06-06. http://www.stagecoachgroup.com/scg/media/press/pr2003/2003-06-06/. Retrieved 2008-06-22. [dead link]
  5. ^ "Stagecoach to sell Coach USA unit for $48m (The Independent)". 2003-07-25. http://findarticles.com/p/articles/mi_qn4158/is_20030725/ai_n12706081?tag=content;col1. Retrieved 2008-06-21. [dead link]
  6. ^ "Lincolnshire Management Inc. sells American Coach Lines, Inc.". 2006-05-11. http://www.loeb.com/lincolnshiremanagementincsellsamerican/. Retrieved 2008-07-12. 
  7. ^ "Fenway Partners to Purchase Coach America". Business Wire. 2006-11-30. http://www.allbusiness.com/finance/equity-funding-stock/3964514-1.html. Retrieved 2008-07-12. [dead link]
  8. ^ Michael de la Merced (January 3, 2012). "Big Bus Operator Files for Bankruptcy". The New York Times. http://dealbook.nytimes.com/2012/01/03/big-bus-operator-files-for-bankruptcy/. Retrieved April 12, 2012. 
  9. ^ "Coach America Auction Results, May 23, 2012". May 23, 2012. http://coachamerica.com/restructure/docs/Coach_America_Auction_Results_5-22-12.pdf. Retrieved June 9, 2012. 
  10. ^ "Coach America - About Us". Archived from the original on July 23, 2008. http://web.archive.org/web/20080723134939/http://www.coachamerica.com/aboutus.cfm. Retrieved 2008-07-12. 

External links