EverDriven Technologies has been acquired by Charlesbank Capital Partners to expand its alternative student transportation services, leveraging technology to enhance safety and accessibility for vulnerable student populations.

Target Information

EverDriven Technologies, a prominent alternative student transportation platform, has been acquired by Charlesbank Capital Partners. Situated in Denver, CO, EverDriven specializes in providing transportation solutions for an annual average of 28,000 students, particularly focusing on those eligible under the McKinney-Vento Homeless Assistance Act and Special Education programs. The Company partners with nearly 700 school districts across 29 states, utilizing advanced technology and logistics to address the unique transportation needs of children, ensuring their safe transit to and from school.

Under the previous ownership of Palladium Equity Partners, EverDriven experienced significant growth and innovation. They recruited a skilled management team and implemented sophisticated routing technology to create a scalable operational framework. Additionally, they established comprehensive safety standards, including a pioneering driver education course tailored for alternative transportation drivers, which underscores the Company’s commitment to safety and quality service.

Industry Overview

The student transportation sector in the United States plays a crucial role in ensuring equitable access to education for all children, particularly those with unique needs. This industry has undergone substantial transformation due to advancements in technology