EQT Infrastructure has agreed to pay $4.6 billion for two transportation service providers located in Ohio.
First Student and First Transit are two North American subsidiaries of FirstGroup, a U.K.-based publicly listed company. They provide essential transportation services to schools and communities in North America.
First Student is the largest student transportation service provider in North America, providing more than 900 million student journeys a year to approximately 1,000 school districts. First Transit is a public transit management operator that transports 350 million passengers annually across 300 locations in North America. First Transit provides essential mobility services to communities, college campuses, businesses and elderly care facilities.
EQT Infrastructure said it will make investments in organizational, operational and digital technology initiatives to improve and differentiate the service offering of the providers. In addition, EQT Infra
