York Pullman acquisition.

[tank90]

Reports are that First have acquired York Pullman and plan to run it as they do Ensign as a standalone operation with in the First group family.

I know that acquiring a business is different to investing in a current asset but one would have thought that maybe loving a hub you already own and looking at how you could expand that rather than acquire a new business. But never mind Worcestershire has a county council who'd rather support the car than better public transport.

[Stu]

Reports are that First have acquired York Pullman and plan to run it as they do Ensign as a standalone operation with in the First group family.
I know that acquiring a business is different to investing in a current asset but one would have thought that maybe loving a hub you already own and looking at how you could expand that rather than acquire a new business. But never mind Worcestershire has a county council who'd rather support the car than better public transport.

[Stu]

First agrees to acquire York Pullman

In a surprise move, First Bus is to buy the York Pullman business as part of its drive to diversify its portfolio and expand its footprint in North Yorkshire
FirstGroup has announced that it has signed an agreement to acquire the York Pullman business, which has operations in York and surrounding towns in North Yorkshire. It provides home-to-school and college contracted services and private hire operations including rail replacement services, and operates a small number of local bus routes on behalf of several local authorities, using a mixed fleet of more than 130 vehicles.
Managing Director Tom James will remain with the company as Managing Director and continue to run it on a standalone basis, as well as contributing to the development of the First Bus coach services growth strategy.

Read more: https://cbwmagazine.com/first-agrees-to-acquire-york-pullman/