Student Transportation Inc.
 | |
| Company type | Private |
|---|---|
| Industry | Student transport |
| Founded | 1997, as Student Transportation of America, Ltd. |
| Founder | Denis J. Gallagher |
| Headquarters | , United States |
Area served | United States Canada |
Key people | Denis J. Gallagher, Founder & CEO |
| Services | School bus contractor |
| Revenue | $423 million[1] |
Number of employees | 11,500[1] |
| Website | RideSTA.com RideSTC.com |
Student Transportation Inc., doing business as Student Transportation of America (STA) and Student Transportation of Canada (STC), is a New Jersey-based school bus contractor that focuses on rural and suburban areas. It is the third-largest school bus transportation services provider in North America, with over 11,500 vehicles that transport students in more than 225 school districts.[2]
History
Student Transportation of America was founded in 1997 by Denis J. Gallagher, who is the chairman and CEO of the company.[2] With roots that can be traced to New Jersey's Coast Cities Bus Service established in 1922 by Gallagher's grandfather, STA successfully completed an initial public offering and its income participating securities (IPS) began trading on the Toronto Stock Exchange in December 2004.[2]
In November 2009, the company changed its name from Student Transportation of America, Ltd., to Student Transportation Inc. It continues to use the trade names Student Transportation of America and Student Transportation of Canada.[3]
Student Transportation has grown considerably through its "A‑B‑C-D" (Acquisition, Bid, Conversion, and Direct-to-Parent) growth strategy.[4][5][6] Among STA's customers is the Los Angeles Unified School District, which is the second largest school district in the United States.
In 2018, Student Transportation was sold to Caisse de dépôt et placement du Québec and Ullico.[7] It was formerly publicly traded on both the Toronto Stock Exchange and Nasdaq.
As of 15 June 2022 Student Transportation of America acquired Pacific Western Transportation Group out of Calgary, Alberta.
References
- ^ a b "STI Financial Information". 6 June 2013.
- ^ a b c "About". Student Transportation Inc.
- ^ Shareholders Approve Corporate Name Change to Student Transportation Inc.
- ^ "Industry Overview". Student Transportation Inc.
- ^ "Top 50 Contractors". School Bus Fleet. July 2011. p. 37.
- ^ "Student Transportation of America | School Bus Fleet Online Directory". Schoolbusfleetdirectory.com. Retrieved 15 April 2009.
- ^ Gray, Ryan. "Investment Groups to Acquire School Bus Contractor STI". Retrieved 20 May 2018.