Industry Research

Bus Deal Expands Commuter And Charter Service In Northeast

Posted on July 7, 2010 by LCT Staff - Also by this author - About the author

A 600-bus operator will provide more charter bus rental options to customers in Massachusetts and Rhode Island.

HOBOKEN, N.J. — Academy Bus, a commuter and charter bus company in the Northeast, recently bought Archway Bus Transportation, Inc., of West Warwick, R.I. The deal included Archway's existing buses and its terminal building.

ACADEMY BUS is the largest privately owned and operated motor coach company in the U.S. Its fleet consists of more than 600 buses from nine locations throughout the Northeast, including two new locations in Bridgeport, Conn. and Providence, R.I.

Financial terms of the deal were not announced.

"Archway Bus is a respected and trusted charter bus provider in Rhode Island,” said Francis Tedesco, president of Academy Bus. “The company is well-known in the area and has built a successful business through safety, quality equipment and high levels of service — the same principles that lay at Academy's foundation.”

The acquisition enables customers in Massachusetts and Rhode Island to access new charter bus rental options through Academy and Archway.

Academy's acquisition of Archway follows other recent expansion transactions in New England for the Hoboken, N.J.-based company, including the opening of a new bus terminal in Bridgeport, Conn., and relationships with Sacred Heart, Fairfield and Yale Universities.

ARCHWAY BUS TRANSPORTATION CEO Stephen P. Archambault will manage Academy's Rhode Island operations.

"Archway has a long and proud history serving the Rhode Island community with trust we have built over decades of service," said Archambault, whose family founded the predecessor to Archway more than 50 years ago. "Academy is the right company to continue that tradition while giving local customers greater choice and flexibility for their charter bus needs."

Archway Bus's fleet of luxury motor coaches is handicap accessible, equipped with two-way communication, and has audio and visual capabilities. The company is a Department of Defense-approved bus carrier and was awarded the "Highest Safety Rating" from the U.S. Department of Transportation. Archway's fleet is green coach certified through a pilot environmental transportation program in partnership with the University of Vermont.

Source: Academy Bus

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