Business Summary:
With several strategic locations across its geography, Project Rider is a dominant player in the passenger transportation services industry within its region. The Company operates in two segments: Charter, a private transportation offering for groups such as schools, athletic teams, and social gatherings; and Fixed Route, which includes partnerships with private and municipal entities to provide scheduled fixed route services to commuters.
At the core of the Companys service offerings is a large and dedicated roster of over 200 experienced and fully licensed drivers. Its customer base includes several large institutions, including universities, businesses, sports teams, and municipalities which provide an ongoing source of demand. Rider is a well-known and loved brand within its region thanks to its diverse service offerings that customers can depend on.
Numerous growth opportunities exist in the aftermath of the Pandemic, which the Company is already implementing. Revitalizing services that were shut down in 2020 and 2021 is a priority for Rider. The Company aims to service more casinos in its fixed route segment and to continue to grow its municipal transportation offering.
Ownership oversees big-picture strategy while key managers perform day-to-day operations. These managers intend to stay with Rider long-term post-transaction. The Business operates out of multiple facilities within its region. Only one of the facilities is under common ownership with the Business, which the owners can be flexible on as to its sale or lease.
Buyers will be required to have a minimum of $5,000,000 in liquid funds to be considered for this opportunity.
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