VANCOUVER, B.C. — Canadian companies Charter Bus Lines and Traxx Coachlines merged in a private transaction with the assistance of Corporate Finance Associates. The terms were not disclosed.
Charter Bus Lines is the largest independent privately owned motorcoach operator in British Columbia. Founded in 1949, the company provides charter bus services from the Pacific Northwest cities of Victoria, Vancouver, Seattle, Whistler and Williams Lake to both Canadian and U.S. destinations.
Traxx Coachlines, which has more than 85 years of experience and background in the transportation business, provides ground transportation in Western Canada and the Pacific Northwest. It was one of the first Canadian companies to receive approval to work with Chinese travel agencies in bringing that country’s tourists to North America.
“The companies are very excited about the synergy that a merger brings,” said Brad Lindsay, managing director of CFA MidSouth in Memphis. “They will leverage the strengths and experience of each, which will play an important role in the growth of the new entity as a dominant player in their market.”
