CVC DIF has acquired American Student Transportation Partners (ASTP), aiming to enhance student transportation services across the US, particularly in the Northeast and Midwest.
Target Information
American Student Transportation Partners (ASTP) is a leading provider of student transportation services in the United States, primarily operating in the Northeast and Midwest regions. Established in 2021, ASTP has rapidly developed a significant footprint in the industry, boasting a fleet of over 2,300 vehicles designed to transport more than 90,000 students annually. Their commitment to safety and reliability has positioned ASTP as a trusted partner for over 50 school districts, allowing them to effectively deliver essential transportation solutions that enhance accessibility to education for K-12 students.
ASTP operates under a contracted route-based model, which enables it to tailor its services to meet the unique needs of the school districts and communities it serves. The company utilizes technology-enabled school buses and passenger vans, ensuring an efficient and dependable transport service. With this acquisition, ASTP intends to leverage its existing operational strengths to reach new markets while maintaining its high-quality service standards.
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Industry Overview
The student transportation industry in the United States is a crucial segment of the education infrastructure, with a strong emphasis on safety, reliability, and accessibility. In recent years, there has been a growing recognition of the im
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CVC DIF
invested in
American Student Transportation Partners
in 2023
in a Buyout deal