St. Louis, Missouri, March 2010
Capital For Business, Inc.® (CFB) announced today that it recently completed the acquisition of Fenton, Missouri-based Central States Bus Sales, Inc. (Central States).
Central States is a distributor of buses and related equipment in Missouri, Illinois, Tennessee, Kentucky, and Arkansas. Central States is an exclusive Blue Bird distributor of new buses to school districts throughout its territory as well as transit and shuttle buses to municipalities and other organizations. Additionally, Central States sells vans and specialty vehicles to organizations such as elderly care facilities, disabled transport services, and other organizations.
CFB lead an investor group, in conjunction with Central States management, to consummate the acquisition. In addition to CFB, the investor group included Diamond State Ventures, Little Rock, Arkansas, MidStates Capital, Overland Park, Kansas, Kansas Venture Capital, Inc., Overland Park, Kansas, and L&C Private Equities, Cedar Rapids, Iowa. Jeff Reitz, Central States’ President, will continue to manage the company.
Jeff Reitz commented “With this transaction, Central States will continue to sell buses and service our customers at the highest level. We are excited to have such an experienced and deep investor group as partners we look forward to utilizing their resources and expertise going forward.”