Confirmed Control Closed Transaction verified InfrastructureInfrastructure ServicesPublic Transit ServicesStudent TransportationTransportationTransportation Services
First Student and First Transit acquired by EQT Infrastructure
EQT Infrastructure acquired First Student and First Transit, a North America transportation services brand.
Transaction summary
- Target
- First Student and First Transit
- Acquirer
- EQT Infrastructure
- Seller
- FirstGroup plc
- Announced
- -
- Geography
- North America
- Tags
- InfrastructureInfrastructure ServicesPublic Transit ServicesStudent TransportationTransportationTransportation Services
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- -
- First added
- 2026-07-13
- Latest update
- 2026-08-08
Value and multiples
100% enterprise value
Undisclosed
Value not disclosed
Basis: FundComb estimate
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
-
Period not stated
Basis: FundComb estimate
EV / EBITDA
-
EBITDA basis not stated
Basis: FundComb estimate
Basis
- A comparable 100% enterprise value has not been established. Separately reported amounts are retained below.
Source summary
EQT Infrastructure Closes Acquisition of First Student and First Transit - First Student, Inc.
ConfirmedFirst Student announced that EQT Infrastructure closed its acquisition of First Student and First Transit from FirstGroup plc.
Open source