First Student’s Acquisition of Total Transportation

Simpson Thacher represented First Student on the deal.

 First Student, a portfolio company of EQT, announced its definitive agreement to acquire Total Transportation Corp. Financial terms of the transaction were not disclosed. The acquisition is subject to customary regulatory approvals and is expected to be completed by the end of summer.

Headquartered in Brooklyn, New York, Total Transportation is a leading provider of general and special education student transportation, paratransit and charter services. Performing over 75,000 ADA trips per month and transporting approximately 100,000 school students per day, Total Transportation operates nearly 3,200 vehicles in New York, New Jersey and Pennsylvania.

Headquartered in Cincinnati, Ohio, First Student is a leading school transportation solutions provider in North America. First Student delivers reliable, quality services, including full-service transportation and management, special-needs transportation, route optimization, and scheduling, maintenance, and charter services with a fleet of about 40,000 buses.

The Simpson Thacher team includes Naveed Anwar, (Picture) Michael T. Holick, Mark Underwood, Megan Whitman, Omar Kanjwal, Jamie Lee, Chandler Mores and Margaret E. Whalen (M&A); Jeannine McSweeney, Kristy Fields and Hannah Daniels (Executive Compensation and Employee Benefits); Jonathan Goldstein and Scott Grundei (Tax); Eli Isak and Dorothy Hector (Credit); Hui Lin (Capital Markets); Bobbie Burrows and Benjamin Hart (Intellectual Property); Andrew M. Kofsky (Labor); Krista McManus and Dennis Loiacono (Real Estate); and Timothy Mulvihill and Noreen Lavan (Environmental).

Involved fees earner: Naveed Anwar – Simpson Thacher & Bartlett; Bobbie Burrows – Simpson Thacher & Bartlett; Hannah Daniels – Simpson Thacher & Bartlett; Kristy Fields – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Benjamin Hart – Simpson Thacher & Bartlett; Dorothy Hector – Simpson Thacher & Bartlett; Michael Holick – Simpson Thacher & Bartlett; Eli Isak – Simpson Thacher & Bartlett; Omar Kanjwal – Simpson Thacher & Bartlett; Andrew Kofsky – Simpson Thacher & Bartlett; Noreen Lavan – Simpson Thacher & Bartlett; Jamie Lee – Simpson Thacher & Bartlett; Hui Lin – Simpson Thacher & Bartlett; Dennis Loiacono – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Jeannine McSweeney – Simpson Thacher & Bartlett; Chandler Mores – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Mark Underwood – Simpson Thacher & Bartlett; Margaret Whalen – Simpson Thacher & Bartlett; Megan Whitman – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: First Student;

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Author: Youness Semri