Deals
This Little Canadian Bus Company Is Now a Big Takeover Target
- Grande West has won almost every Canadian public bus tender
- With U.S. expansion, deliveries set to surge sixfold in 2017
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It’s the little bus company that could.
Grande West Transportation Group Inc. has shoved aside bigger rivals including Volvo Group’s Nova Bus to win just about every tender that it’s competed for since introducing a smaller, China-assembled bus to Canada’s public transit systems in 2013. This year, it forecasts deliveries will surge sixfold as it expands into the $2.3 billion market to supply U.S. transit agencies -- a move that’s setting it up to become an acquisition target.