CVC DIF, the infrastructure strategy of global private markets manager CVC Capital Partners, has agreed to acquire American Student Transportation Partners (ASTP), a premier U.S. student transportation operator, from Access Holdings, a private equity firm focused on the lower middle market.
The investment will be made via DIF Infrastructure VII, CVC DIF’s build-to-core investment vehicle with a fund size of €6 billion ($7 billion). Financial terms were not disclosed.
Established in 2021, ASTP provides a robust network of contracted student transportation solutions across the U.S. Northeast and Midwest. The company serves its communities and more than 90,000 students every year through its diversified fleet of passenger vans and more than 2,300 technology-enabled school buses. ASTP has developed into a multi-state operator through its contracted route-based model and has delivered student transportation solutions to more than 50 school districts.
The partners
