Kinetic to acquire three bus companies in Murwillumbah, New South Wales
Kinetic’s acquisition of three prominent bus companies in Murwillumbah, New South Wales, signals a strategic expansion aimed at enhancing regional transportation networks and community services.
Kinetic has announced that it is set to acquire three prominent bus companies in Murwillumbah, New South Wales, solidifying its presence in the Northern Rivers region. Murwillumbah, a pivotal regional hub, will witness the integration of Parsons Bus Company (Parsons), Murwillumbah Bus Company (MBC) and Singhs Bus Service (Singhs) into Kinetic’s portfolio. These companies collectively administer multiple government-contracted route services and specialised school services, constituting a vital transportation network in the area.
With a fleet of 33 buses and 39 dedicated team members dispersed across three depots, the acquisitions are poised to significantly enhance Kinetic’s operational footprint in the region, which presently revolves around the Tweed Coast.
Co-CEO of Kinetic, Michael Sewards, said: “We know the Northern Rivers and Tweed Coast is an expanding region with strong tourism credentials and we look forward to expanding our commitment to New South Wales. Collectively these three businesses have a strong reputation, and we are excited to welcome new team members from Singhs, Parsons and MBC to the Kinetic family. “
Peter Parsons, representing Parsons and MBC, said: “We know Kinetic values safe and reliable services as highly as we do and I am pleased our drivers will continue to support the students and community of Murwillumbah. You will see the same friendly faces behind the wheel and the team are excited to be joining Kinetic as they grow their operations in the region.”
Gary Singh of Singh’s Bus Service said: “Our family has been privileged to transport generations of locals and we are happy that our team will continue to provide first class service to passengers. We know Kinetic shares our commitment to the community and we look forward to this is exciting new chapter.”
Martin Hall, Executive General Manager for South East Queensland and Tweed, said: “With Kinetic having extensive operations across the Gold Coast and Tweed we are excited to bring regional synergies and the support of our broader business to these great services in Murwillumbah.”
The transaction, slated for completion on 26 February 2024, pending regulatory approvals, marks a significant milestone in Kinetic‘s strategic expansion efforts, promising to fortify transportation networks and community services in Murwillumbah and its surroundings.
Bus & Coach
New South Wales