Victorian bus operator Ventura has announced the acquisition of a fellow major Melbourne-based operation to continue growing its local capabilities and accelerate its transition to zero-emissions services.
Ventura has revealed it has acquired Crown Coaches, pending ACCC and FIRB approval.
As a highly regarded operator specialising in school and corporate charter services, the acquisition of Crown Coaches’ network to Ventura will expand the latter’s Victorian operational footprint.
The deal sees Ventura add approximately 150 buses, including 10 electric buses, to its fleet, while all 267 Crown employees will be offered employment.
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Ventura says the Crown Coaches brand will continue operating under Ventura’s umbrella, maintaining existing service relationships and preserving the strong reputation Crown Coaches has built across specialist school and charter transport.
Ventura CEO Carol-Anne Nelson says the acquisition allows Ventura to accelerate its transition to zero-emissions buses by using existing operations.
“Ventura has always been committed to delivering safe, reliable and innovative transport services for our customers and communities,” Nelson says.
“This acquisition strengthens our capability, supports the transition to cleaner, greener transport and maintains the trusted service Crown Coaches is known for.”
Nelson reiterates all existing client relationships will continue uninterrupted, with Crown and Ventura working closely with stakeholders to ensure a smooth transition.
The transaction was confirmed on February 18, with completion expected in April subject to approvals.
