July 24, 2014 10:30 PM ET

Road and Rail

Company Overview of Student Transportation of America, Inc.

Company Overview

Student Transportation of America, Inc. provides school bus transportation services in North America. The company offers contracted, managed, special needs, and charter services. The company was incorporated in 1997 and is based in Wall, New Jersey. The company has a facility in Omaha, Nebraska. Student Transportation of America, Inc. operates as a subsidiary of Student Transportation, Inc.

3349 Highway 138

Building B

Suite D

Wall, NJ 07719

United States

Founded in 1997

Phone:

732-280-4200

Fax:

732-280-4214

Key Executives for Student Transportation of America, Inc.

Founder
Age: 59
Chief Financial Officer and Executive Vice President
Senior Vice President of Canadian Operations
Regional Chief Operating Officer of Atlantic Region
Chief Accounting Officer and Vice President
Compensation as of Fiscal Year 2014.

Student Transportation of America, Inc. Key Developments

Student Transportation Inc. Brings New Propane Fleet to St. Paul Public Schools

Student Transportation Inc. announced that its subsidiary, Student Transportation of America, Inc. (STA), has been awarded a new five-year contract with St. Paul Public Schools in Minnesota and is currently hiring drivers for open positions. The $4 million annual contract, to begin next month, will feature 65 new, propane-powered vehicles and a refurbished facility located in St. Paul. The contract award also marks the expansion of the company's operations in Minnesota, where it currently operates over 100 vehicles for the East Carver School District in Chaska. The vehicles also feature on-board cameras, GPS, and Child Check-Mate systems for added security. The company also expects to debut their mobile app SafeStop(TM), during this school year. SafeStop(TM) is a mobile application that allows parents to securely track the location of their child's school bus along its route to and from school every day. The service also includes various information notices and alerts sent to its members.

Student Transportation of America, Inc. Wins New Five and a Half Year Contract with San Bernardino County Superintendent of Schools

Student Transportation Inc. announced that Student Transportation of America, Inc. has been awarded a new five and a half year contract with San Bernardino County Superintendent of Schools (SBCSS) in California. The $10 million annual contract was recently awarded, but will begin service in January 2015 as per the agreement with the County. The company will receive roughly half that amount in its fiscal 2015 year, which begins this coming July. The contract was recently awarded with the school district to change from the incumbent provider. STA will provide 133 new, ultra-low-emission vehicles and 31 propane autogas vehicles as well. The company also said that all major contracts that were part of the previously announced acquisition of assets of Atlantic Express of California completed in February have been extended. That acquisition of 425 vehicles and approximately $26 million in annualized revenues expanded existing service contracts with the Los Angeles Unified School District and added new contracts with the Long Beach Unified School District as well as many private and charter schools in Southern California.

Student Transportation of America, Inc. Receives Two New Contracts in Pennsylvania

Student Transportation Inc. announced that Student Transportation of America, Inc. (STA) has been awarded two new school transportation contracts in Pennsylvania with the Hempfield School District and the East Penn School District. Both contracts were recently awarded and negotiated with the districts to change from the incumbent provider. The contracts will generate $10 million in new annualized revenue for STA starting next school year. STA will provide over 200 new, cleaner-burning propane autogas vehicles. Both contracts are 5-year agreements with the option to renew for additional years and include customer-paid fuel, further reducing STA's exposure to fuel price fluctuations.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 9, 2014
Atlantic Express Transportation Corp., California Assets
 

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