Mars-based student transportation provider acquired after 76 years by private equity-backed firm

The song says the wheels on the bus go ‘round and ‘round, but now it’s school bus deals making the rounds as industry consolidation accelerates in the sector.

A provider of student transportation in western Pennsylvania that has operated since 1950 has been acquired by an operating company on the other side of Pennsylvania that in turn is part of a private equity-backed platform that has grown across multiple states.

AJ Myers and Sons, based in Mars, was acquired by Krise Transportation, part of American Student Transportation Partners Inc., which is a portfolio company of CVC DIF, a global private markets manager with $28.5 billion in assets. Financial terms of the deal were not disclosed.