Today, MV Transportation Inc., a leading provider of passenger transportation services in North America, announced the successful asset purchase of New York City school bus operator, USA United Fleet Inc. The agreement was approved by the United States Bankruptcy Court of the Eastern District of New York on August 15, 2011.
MV Transportation Inc.'s student transportation subsidiary, Reliant Transportation, Inc. assumed the existing bus fleet and four New York City Department of Education operation and maintenance contracts. The company will begin operation of more than 500 bus routes with approximately 600 vehicles beginning with the start of school in New York City, Sept. 8, 2011.
The completion of this transaction, valued at over $75 million in revenue, marks the largest acquisition in the company's 36 year history.
"With MV's extensive passenger transportation experience, this deal represents the beginning of a great partnership not only for the Department of Education but for New York schools, the city, former employees and of course, the students and their families," explained MV Transportation chief executive officer R. Carter Pate. "We are excited to have the opportunity to provide this critical student transportation service in New York and are glad to be able to extend jobs to this dedicated workforce."
As the provider of other services in New York City, MV is committed to the success of this new service and has an existing positive relationship with the local unions. The company has already started working to transition the service and to qualify the more than 1,200 former USA United employees for employment.
"The job of transporting students is an extremely important responsibility," said MV Transportation chief operating officer/president Kevin A. Klika, who is overseeing the operations for this start-up. "It is our goal to hire as many of the former company's employees as possible. Their existing knowledge of the service and the passengers will help provide for the smoothest transition possible."
MV Transportation also operates the Access-A-Ride services in Harlem, Staten Island and Brooklyn for the New York Metropolitan Transportation Authority.
All qualified school bus operators are encouraged to apply at 2485 Second Ave., New York, N.Y. 10032.
