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AUTOMOTIVE & TRANSPORTATION | Automobile Manufacturing
nabiusa.com

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Stage

Acquired | Acquired

About North American Bus Industries

North American Bus Industries (NABI) offers superior quality, highly engineered urban transit buses in a variety of lengths and propulsion systems, as well as aftermarket parts, technical service, and training support to serve transit needs.

North American Bus Industries Headquarter Location

106 National Drive

Anniston, Alabama, 36207,

United States

256-831-4296

Latest North American Bus Industries News

Cerberus Completes Sale of North American Bus Industries

Jun 24, 2013

Cerberus Completes Sale of North American Bus Industries June 24, 2013 By Angela Sormani Cerberus Capital Management has completed the sale of North American Bus Industries, a manufacturer of transit buses, to New Flyer, a manufacturer of heavy-duty buses in the U.S. and Canada. The transaction had a total purchase price of $80 million. An affiliate of Cerberus acquired NABI in 2006. PRESS RELEASE An affiliate of Cerberus Capital Management, L.P., one of the world’s leading private investment firms, has completed the sale of North American Bus Industries, Inc. (“NABI”), the manufacturer of the world’s widest range of transit buses, to New Flyer, the leading manufacturer of heavy-duty buses in the U.S. and Canada. The transaction closed today and had a total purchase price of $80 million, substantially all for the satisfaction of affiliate debt. An affiliate of Cerberus acquired NABI in 2006. “This transaction is a testament to NABI’s transformation into a leading transit bus and aftermarket parts supplier,” said Chan Galbato, CEO of Cerberus Operations and Advisory Company (“COAC”) and former Chairman of NABI. “Over the past seven years, Cerberus and its COAC team have helped NABI build a strong management team and skilled workforce, develop innovative product platforms, establish a highly efficient manufacturing footprint and attain one of the top reputations in the industry.” “We are proud to have supported NABI’s successful operational and financial turnaround led by its President and CEO, Jim Marcotuli, and the talented NABI management team,” said Dev Kapadia, a Cerberus Managing Director. “NABI has made great strides under Cerberus ownership, developing and successfully marketing a variety of innovative new vehicles. Under our stewardship, the company has been transformed into a sustainably profitable enterprise. New Flyer is a world-class company, and this combined entity will be positioned to provide customers with an enhanced product offering and superior customer service.” NABI has manufacturing operations in Anniston, Alabama, a centralized parts distribution center in Delaware, Ohio and a service center in Jurupa Valley, California. In addition to transit bus manufacturing operations, the company operates a sophisticated aftermarket parts business. About Cerberus Capital Management, L.P. Established in 1992, Cerberus Capital Management, L.P. is one of the world’s leading private investment firms. Cerberus has more than US $20 billion under management invested in four primary strategies: distressed securities & assets; control and non-control private equity; commercial mid-market lending and real estate-related investments. From its headquarters in New York City and large network of affiliate and advisory offices in the US, Europe and Asia, Cerberus has the on-the-ground presence to invest in multiple sectors, through multiple investment strategies in countries around the world. About Cerberus Operations and Advisory Company, LLC Cerberus Operations and Advisory Company, LLC, is an affiliate of Cerberus Capital Management, L.P., with over 100 operations and management executives from a wide spectrum of industries and disciplines. COAC assists Cerberus in sourcing, analyzing and monitoring portfolio company investments, and assists its portfolio companies in areas such as general operations and management, risk management, human resources, sales and marketing, information technology, legal, 6-sigma, and procurement. Media Contacts: Peter Duda: +1 (212) 445-8213 John Dillard: +1 (212) 445-8052 Cerberus Media Line: +1 (212) 891-1558 SOURCE Cerberus Capital Management, L.P. © 2015 Buyouts Insider / Argosy Group LLC

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North American Bus Industries Patents

North American Bus Industries has filed 1 patent.

The 3 most popular patent topics include:

  • Computer hardware cooling
  • Cooling technology
  • Heat conduction
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/28/2018

3/5/2019

Semiconductor device fabrication, Computer hardware cooling, Cooling technology, Semiconductor materials, Heat conduction

Grant

Application Date

6/28/2018

Grant Date

3/5/2019

Title

Related Topics

Semiconductor device fabrication, Computer hardware cooling, Cooling technology, Semiconductor materials, Heat conduction

Status

Grant

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