Vogel Bus Company, Inc. Acquired by Durham School Services
HASBROUCK HEIGHTS, N.J., Jan. 14, 2011 /PRNewswire/ -- Sun Mergers & Acquisitions, LLC is pleased to announce that its client, Vogel Bus Company, Inc., has been acquired by Durham School Services.
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 the ins and outs of our own business, the ability to convey the tangible assets and intangible goodwill to a buyer is best handled by an M&A professional with extensive experience within your industry. 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, not to mention a record closing time! 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 Durham's operations.
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 our website at www.SunMerger.com, or for more information about this transaction, contact Scott O'Rourke at 201-727-1300 or [email protected].
About Durham School Services
Durham School Services is a full service student transportation provider. Along with their Canadian sister company, Stock Transportation, Durham has teams of experts in every area of student transportation spread across North America.
The Company 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.
Contact: |
Jessica M. Gilroy |
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Scott O'Rourke |
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Sun Mergers & Acquisitions, LLC |
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(201) 727-1300 |
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JG@SunMerger.com |
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SOURCE Sun Mergers & Acquisitions, LLC
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