Information on the target
Carter Morse & Goodrich (“CMG”) is pleased to announce that it served as the exclusive financial advisor to Tremblay’s Bus Company, LLC (“Tremblay’s” or the “Company”) on its sale to Student Transportation of America (“STA”). The transaction closed on June 30, 2026. Founded in 1967 by Leo and Claire Tremblay and headquartered in New Bedford, Massachusetts, Tremblay’s is a second-generation family business and a leading provider of student transportation services in southeastern Massachusetts for both special education and general education customers.
The Company safely transports more than 5,000 students each day across more than 400 routes with a fleet of nearly 400 vehicles. Jeff Canastra and Gilbert Canastra, Trustees for the Tremblay family, expressed their satisfaction with CMG's services, highlighting the firm's understanding of the family's objectives and their guidance throughout the transaction process.
Industry overview in the target’s specific country
The Charter Bus Services industry in the United States plays a crucial role in the broader passenger transportation sector, particularly in the context of school transportation. This industry is characterized by its focus on providing safe, reliable, and efficient transportation solutions for students, especially in urban and suburban areas where public transportation may not adequately meet the needs of families and educational institutions.
In recent years, the demand for charter bus services has seen a steady increase, driven by factors such as rising student enrollment in schools, the growing emphasis on safety in student transportation, and the need for specialized services catering to students with disabilities. Companies in this sector are increasingly adopting advanced technologies to enhance operational efficiency and improve safety standards, which are paramount in the transportation of minors.
Furthermore, the Charter Bus Services industry is witnessing a shift towards sustainability, with many operators investing in eco-friendly vehicles and practices to reduce their carbon footprint. This trend aligns with broader societal goals of promoting environmental responsibility and is becoming an important consideration for parents and school districts when selecting transportation providers.
As the industry continues to evolve, competition remains robust, with both established players and new entrants vying for market share. The ability to provide excep…