Coach USA Receives Court Approval for Asset Sales to Affiliates of The Renco Group, AVALON Transportation and Wynne Transportation

These transactions that will preserve thousands of jobs and ensure continued service to millions of passengers throughout North America

 Coach USA (the “company”), a leading provider of passenger transportation and mobility services, today announced that the United States Bankruptcy Court for the District of Delaware has approved the following transactions, in connection with its previously announced voluntary Chapter 11 proceedings:

• An affiliate of The Renco Group, Bus Company Holdings US, LLC, will acquire the following bus lines: Dillon’s, Elko, Megabus Retail, Montreal, Olympia, Trentway/Ontario (including Megabus Canada), Perfect Body, Rockland, Shortline (including Chenango Valley Bus Lines), Suburban, Van Galder and Wisconsin Coach – as well as certain assets of Community Coach.
• Affiliates of AVALON Transportation, LLC, will acquire several of the company’s bus lines: Lenzner, Kerrville, All West and ACL Atlanta.
• An affiliate of Wynne Transportation will acquire Coach USA’s Powder River operation and the Butler Motor Transit body shop operation located in Butler, PA.

Derrick Waters, Chief Executive Officer of Coach USA, said, “We are pleased to have received the Court’s approval for these transactions that will preserve thousands of jobs and ensure continued service to millions of passengers throughout North America. We would not have been able to reach this point without the hard work and dedication of our teams, and I would like to thank our employees for their unwavering commitment to providing passengers with safe, reliable and affordable service every day. We look forward to the conclusion of the court-supervised process and continuing to serve our customers and communities today, tomorrow and beyond.”

The company expects to close the Avalon Transportation and Wynne Transportation transactions on or around August 19, 2024, and the Renco Group transaction in the coming months. Coach USA is continuing to operate its lines and serve customers as normal through the completion of each transaction and is working with each respective buyer to ensure smooth transitions of services.

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