Investments
13Portfolio Exits
2Partners & Customers
10About Federal Transit Administration
The Federal Transit Administration (FTA) is an agency within the United States Department of Transportation (DOT) that provides financial and technical assistance to local public transit systems. The FTA is one of ten modal administrations within the DOT. Headed by an Administrator who is appointed by the President of the United States, the FTA functions through a Washington, D.C., headquarters office and ten regional offices which assist transit agencies in all states, the District of Columbia, and the territories.
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Latest Federal Transit Administration News
Sep 14, 2023
News provided by Share this article Thirty-five-year industry veteran brings expertise in management of large-scale transportation projects NEW YORK, Sept. 14, 2023 /PRNewswire-PRWeb/ -- Stephen Goodman, PE, has joined HNTB Corporation as national transit and rail practice consultant and vice president. In this role, Goodman provides strategic guidance for transportation clients, sharing his decades of experience and knowledge overseeing some of the largest and most complex transportation projects in the world. "I am grateful that Stephen is with us at HNTB," said Ronnie Hakim, HNTB's national transit and rail market sector leader and senior vice president. "His work and leadership experience with the federal government and transportation agencies will bring tremendous value to our clients." "I am grateful that Stephen is with us at HNTB," said Ronnie Hakim, HNTB's national transit and rail market sector leader and senior vice president. "His work and leadership experience with the federal government and transportation agencies will bring tremendous value to our clients." As regional administrator and senior executive with the FTA, Goodman oversaw a large portfolio of federally funded transit and transportation projects valued at more than $50 billion, including development of significant aspects of the Gateway Program, one of the most important and urgent infrastructure programs in the world. Goodman was responsible for overseeing the completion of the first phase of the Metropolitan Transportation Authority's Second Avenue Subway and most recently the Grand Central Madison project. Prior to his role as regional administrator, Goodman led federal support through the FTA for the recovery efforts following both Hurricane Sandy and 9/11. He served as director of the Hurricane Sandy Recovery Office, providing technical support and coordination of more than $10 billion in federal emergency funding. Prior to that, he served as director of FTA's Lower Manhattan Recovery Office charged with administering more than $4.5 billion in recovery funds to support the rebuilding of transportation infrastructure in the wake of the tragic events of 9/11. Before joining the FTA, Goodman spent two decades overseeing large-scale projects at the Federal Aviation Administration including responsibility for defining requirements for facility and equipment investments at some of the nation's largest airports. Goodman received a Bachelor of Science degree in civil engineering from Manhattan College and is a licensed professional engineer. About HNTB HNTB Corporation is an employee-owned infrastructure firm serving public and private owners and contractors. With 109 years of service, HNTB understands the life cycle of infrastructure and addresses clients' most complex technical, financial and operational challenges. Professionals deliver a full range of infrastructure-related services, including award-winning planning, design, and program and construction management. For more information, visit http://www.hntb.com , or follow HNTB on LinkedIn, Twitter, Facebook or Instagram. Media Contact SOURCE HNTB
Federal Transit Administration Investments
13 Investments
Federal Transit Administration has made 13 investments. Their latest investment was in Virginia Department of Rail and Public Transportation as part of their Grant on July 7, 2023.
Federal Transit Administration Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
7/11/2023 | Grant | Virginia Department of Rail and Public Transportation | $0.16M | Yes | 1 | |
7/7/2023 | Grant | CityBus | $7.6M | Yes | 1 | |
6/9/2023 | Grant - III | Pinellas Suncoast Transit Authority | $0.89M | Yes | 1 | |
12/14/2022 | Grant | |||||
9/15/2022 | Grant |
Date | 7/11/2023 | 7/7/2023 | 6/9/2023 | 12/14/2022 | 9/15/2022 |
|---|---|---|---|---|---|
Round | Grant | Grant | Grant - III | Grant | Grant |
Company | Virginia Department of Rail and Public Transportation | CityBus | Pinellas Suncoast Transit Authority | ||
Amount | $0.16M | $7.6M | $0.89M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 1 | 1 |
Federal Transit Administration Portfolio Exits
2 Portfolio Exits
Federal Transit Administration has 2 portfolio exits. Their latest portfolio exit was Proterra on June 15, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
6/15/2021 | Reverse Merger | 8 | |||
Date | 6/15/2021 | |
|---|---|---|
Exit | Reverse Merger | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 8 |
Federal Transit Administration Partners & Customers
10 Partners and customers
Federal Transit Administration has 10 strategic partners and customers. Federal Transit Administration recently partnered with Snow Eagle Group on February 2, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
2/22/2023 | Vendor | United States | -- ABSG Consulting Inc. , a leading global operational risk management company , and S&K , a preeminent tribal professional services firm , have announced their joint venture , Snow Eagle Group , has been awarded a contract with the Federal Transit Administration to assist in administering the National Public Transportation Safety Program . | 1 | |
7/14/2021 | Partner | United States | FTA launches Enhanced Transit Safety and Crime Prevention Initiative - SMART Union FTA has partnered with the National Transit Institute to provide training for transit and bus operators on assault awareness and prevention . | 1 | |
7/13/2021 | Vendor | United States | 16:05 ET Federal Transit Administration Selects ICF for $10 Million in IT Modernization Services The new system will integrate data from other Federal Transit Administration systems , including the National Transit Database , which ICF is also modernizing under a separate agreement . | 1 | |
7/13/2021 | Vendor | ||||
4/27/2021 | Vendor |
Date | 2/22/2023 | 7/14/2021 | 7/13/2021 | 7/13/2021 | 4/27/2021 |
|---|---|---|---|---|---|
Type | Vendor | Partner | Vendor | Vendor | Vendor |
Business Partner | |||||
Country | United States | United States | United States | ||
News Snippet | -- ABSG Consulting Inc. , a leading global operational risk management company , and S&K , a preeminent tribal professional services firm , have announced their joint venture , Snow Eagle Group , has been awarded a contract with the Federal Transit Administration to assist in administering the National Public Transportation Safety Program . | FTA launches Enhanced Transit Safety and Crime Prevention Initiative - SMART Union FTA has partnered with the National Transit Institute to provide training for transit and bus operators on assault awareness and prevention . | 16:05 ET Federal Transit Administration Selects ICF for $10 Million in IT Modernization Services The new system will integrate data from other Federal Transit Administration systems , including the National Transit Database , which ICF is also modernizing under a separate agreement . | ||
Sources | 1 | 1 | 1 |
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