FirstGroup plc has just announced their acquisition of Ensign Bus Company Limited, the well-performing Essex-based public transport, vehicle refurbishment and re-sale business. The deal is expected to be finalised over the coming months after regulatory review. Ensignbus Ensignbus’ commercial bus operations comprise a local bus route network complementary to First Bus’ operations in Essex and two B2B segments that include rail replacement and private hire contract operations. This transaction offers up an impressive young vehicle fleet of 55 buses, as well as providing potential for growth in B2B and bus dealership markets. The Ensignbus specialist heritage fleet is excluded from the transaction. The acquisition of the Ensignbus business will both enhance FirstGroup’s existing local commercial bus operations in Essex as well as providing a number of growth opportunities in the B2B and bus vehicle dealership markets. Graham Sutherland, FirstGroup Chief Executive Officer, said: “The ...
