The Kincaid Group has sold DS Bus Lines and Midwest Bus Sales to Beacon Mobility, a portfolio company of The Audax Group

DS Bus Lines and Midwest Bus Sales

DS Bus Lines and Midwest Bus Sales represent a leading transportation platform that specializes in student transportation and dealership services. DS Bus Lines is a student transportation and employee shuttle provider serving customers across the Midwest and Southwest, including Colorado, Kansas, Louisiana, Missouri, New Mexico, Oklahoma and Texas. Midwest Bus Sales is a school bus dealership and leasing facility with five locations throughout the Midwest, serving the Arkansas, Colorado, Illinois, Kansas, Missouri and Oklahoma markets. Both companies have served their customers for nearly 50 years and lead with their core values of family, safety, service and respect.

The Deal

Under The Kincaid Group (TKG) ownership, DS Bus Lines and Midwest Bus Sales have quickly scaled to become leading platforms within the student transportation and dealership markets. Beacon Mobility has acquired a majority stake in both companies and will support their organic and inorganic growth in partnership with Chief Executive Officer, Scott Kincaid, who will remain in his role with the businesses going forward. Lincoln International acted as the exclusive financial advisor to The Kincaid Group. The terms of the transaction were not disclosed.

Our Perspective

Adam Gifford, Managing Director in Lincoln’s Industrials Group, commented, “DS Bus Lines and Midwest Bus Sales represent true market leaders in the transportation and dealership markets. The companies are supported by a highly talented management team who have leveraged their sector expertise and long-standing industry relationships to best serve their customers with outstanding success. The companies are well-positioned to continue their trajectory of strong and sustainable growth. These factors, alongside Lincoln’s advisory expertise, drove a successful outcome for all parties.”

TKG

TKG is a family-owned business that specialize in the transportation, security and information technology (IT) industries. TKG believes in combining all the advantages of a family-owned and operated company with those of a larger corporation. Headquartered in the Kansas City Area, TKG prides itself on four core values: family, safety, service and respect. To learn more, please visit www.thekincaidgroup.com.

The Audax Group

The Audax Group is a leading alternative investment manager with offices in Boston, New York and San Francisco. Since its founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $9 billion in 150 platforms and over 1,100 add-on companies. Through its disciplined buy and build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations and significantly increase equity value. With more than 300 employees, Audax is a leading capital partner for North American middle market companies. To learn more, please visit www.audaxprivateequity.com.

Beacon Mobility

Beacon Mobility is a growing family of transportation companies committed to serving the diverse needs of their customers. Now operating 16 local brands in 21 states, their experienced, compassionate and dedicated team takes pride in their ability to create customized, mobility-based solutions that empower people to get where they need to go. To learn more, please visit www.gobeacon.com.

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