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Coach America

From Wikipedia, the free encyclopedia
Coach America
American Coach Lines
American Coach Lines #598 inNew York City.
ParentFenway Partners
Founded2003 (2003)
Defunct2012
HeadquartersDallas,TX
LocaleUnited States
Service areaUnited States except New England and New York, Pittsburgh, and Chicago metropolitan areas
Service typeLocal bus service, commuter bus service, contract service, charter service, leasing services, crew transport
OperatorVarious Coach America/American Coach Lines subsidiaries nationwide
Chief executiveGeorge Maney
WebsiteCoach America

Coach America, also doing business asAmerican Coach Lines, was a holding company for American bus services owned by New York-based private equity firmFenway Partners operating under the Coach America, American Coach Lines, andGray Line names (at some locations, operating under pre-existing branding). Coach America consisted of all formerCoach USA operations except for the midwestern United States, New York, New Jersey, Pennsylvania, and New England, along with Lakefront Lines in Ohio (acquired separately).[1] For the nine years of its existence, Coach America was based inDallas,Texas.[2]

History

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The properties that became Coach America were previously owned by Scotland-basedStagecoach Group asCoach USA's Western, South Central, and Southeastern divisions. Coach America was formed in 2003 when, after Stagecoach Group evaluated its Coach USA business, it decided to retain mostly its scheduled and local transit services in the Northeast and North Central region and put the rest of the company up for sale.[3] The South Central and West divisions of Coach USA were sold toKohlberg & Co., LLC,[4] with these companies continuing to use the Coach USA name for a time, but eventually changing to Coach America. The Southeast division was sold to a separate buyer,Lincolnshire Management, and became American Coach Lines.[5]

In 2006, Coach America purchased American Coach Lines from Lincolnshire.[6] In November of that same year, Kohlberg sold Coach America to another private equity firm, Fenway Partners.[7] Coach America acquired the Ohio carrier Lakefront Lines in 2008.[8]

In early 2012, following a Chapter 11 bankruptcy, the assets of Coach America were sold in units. Stagecoach repurchased eight of the Coach America properties that it had sold in the 2003 divestiture, plus Lakefront Lines/Hopkins Transportation in Ohio. Tornado Bus Company bought the El Expreso operation, Professional Transportation, Inc. purchased Coach America's rail crew division, and Transportation Management Services purchased the remainder of Coach America's operations, formingHorizon Coach Lines, except for theLos Angeles DOT contract, which was sold toMV Transportation; three Florida locations were later flipped toAcademy Bus. The Dallas office closed in July 2012, ending Coach America operations.[9][10]

Divisions

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Coach America was organized into several divisions:[11]

  • Mountain: Based in Las Vegas with the Western Division office, this division consisted of subsidiaries based in Arkansas, Colorado, North Dakota, Tennessee, Ohio, and Wyoming.
  • Northwest: This division based in Sacramento consisted of companies based in northern California, northern Nevada, and Oregon.
  • South Central: This division based in Houston comprised companies based in Texas and Louisiana.
  • Southeast: This division, based in Orlando, consisted of the former American Coach Lines companies.
  • West: Based in Las Vegas, this division comprised subsidiaries based in Arizona, southern Nevada, and southern California.
  • Crew Transport: Provided transportation to the industrial sector, with operations in 15 states.

See also

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References

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  1. ^"Notice: National Rural Transportation Assistance Program; Request for Proposals". 2008-02-26. Retrieved2008-10-22.
  2. ^"Contact Us." Coach America. Retrieved on February 25, 2010.Archived February 13, 2010, at theWayback Machine
  3. ^"Coach USA up for sale after write-down drives Stagecoach into pounds".The Independent. 2002-12-15. Archived fromthe original on 2007-03-03. Retrieved2008-06-21.
  4. ^"Stagecoach Group agrees terms for the sale of the West and South Central regions of Coach USA". 2003-06-06. Archived fromthe original on May 20, 2009. Retrieved2008-06-22.
  5. ^"Stagecoach to sell Coach USA unit for $48m (The Independent)". 2003-07-25. Retrieved2008-06-21.[dead link]
  6. ^"Lincolnshire Management Inc. sells American Coach Lines, Inc". 2006-05-11. Archived fromthe original on 2007-07-08. Retrieved2008-07-12.
  7. ^"Fenway Partners to Purchase Coach America".Business Wire. 2006-11-30. Retrieved2008-07-12.[dead link]
  8. ^"Fenway Partners Capital Fund III, L.P., and Coach America Holdings, Inc.-Control-Lakefront Lines, Inc., and Hopkins Airport Limousine Service, Inc".Federal Register. 2008-02-26. Retrieved2018-10-22.
  9. ^Michael de la Merced (January 3, 2012)."Big Bus Operator Files for Bankruptcy".The New York Times. RetrievedApril 12, 2012.
  10. ^"Coach America Auction Results, May 23, 2012"(PDF). May 23, 2012. Archived fromthe original(PDF) on 2012-11-15. RetrievedJune 9, 2012.
  11. ^"Coach America - About Us". Archived fromthe original on July 23, 2008. Retrieved2008-07-12.

External links

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