Jan. 4, 2019

Scotland based Stagecoach will sell its North America division: Megabus, to a private equity firm for $271 million. The sale is expected to be completed by late April, 2019 to Variant Equity Advisors of Los Angeles, CA.  Megabus is a combination of bus companies and licensed operators that provide coast-to-coast bus service throughout US and Canada.

BBC News – Stagecoach sells Megabus division

Megabus being sold to Variant Equity Advisors