Transit company says acquisition will double the size of its Canadian operations
TORONTO — Transit company Keolis North America says it has signed a deal that will see the company double the size of its Canadian operations.
Under the agreement with Student Transportation of America, the company will acquire Calgary-based Pacific Western Transportation’s transit and motorcoach businesses.
Financial terms of the transaction were not immediately available.
The businesses being acquired include PWTransit Canada Ltd., Prince George Transit Ltd., Whistler Transit Ltd., Pacific Western Charters Ltd. and Red Arrow Express Ltd., which includes the Ebus and Red Arrow brands.
Keolis says the deal adds about 550 vehicles across 23 municipalities and 1,100 employees to its operations in Canada.
The transaction is subject to customary closing conditions, including regulatory approvals.
The acquisition was announced as competition for intercity bus services heats up in the province.
Other intercity operators in Alberta include Coldshot and Rider Express.
Many bus routes were vacated when now-defunct Greyhound Canada ended its operations across Western Canada in 2018.
— With files from Postmedia