FOR IMMEDIATE RELEASE:
TEWKSBURY, Massachusetts—MFA Capital Advisors and MFA Securities are pleased to announce that Diamond Transportation Services, Inc. (Diamond) was recently acquired by National Express Group PLC, a leading transport operator with bus, coach and rail services in the UK, Continental Europe, North Africa, North America and the Middle East. MFA Capital Advisors provided consulting and advisory services to Diamond and the transaction was facilitated by MFA Securities. Terms of the cross-border transaction were not disclosed.
Diamond is an established regional transportation provider with extensive experience in the fields of paratransit, shuttle service, transportation management, driver training, and call center management in the Washington, D.C. Metropolitan area. The Company has become a recognized leader in specialized transportation services over the past 30+ years and is a trusted provider to MetroAccess, STAR and other paratransit services.
Robert Werth, President of Diamond, commented, “In any business transaction, we can’t always predict what the other side will do. The MFA team steers through the complexity and gets the deal done. I can’t believe how they personalized the transaction and guided me throughout every step of the process. I can now turn my energies to a future of consulting, advocacy for persons with disabilities and time with family – this would not have been possible without the MFA team by my side.”
“The Washington, D.C. Metropolitan area has relied for years on the legendary professionalism of Diamond to move customers safely and securely throughout the communities it serves,” added Laura Moruzzi, Managing Director of the MFA team. “With this acquisition, the community will have access to the additional global resources and innovation that National Express has to offer. Along with their collective focus on operational excellence, these two companies are well aligned when it comes to meeting a vast array of specialized transportation needs, and making the needs and safety of the communities they serve a top priority.”
About MFA Capital Advisors
MFA Capital Advisors, LLC is a business consulting and transactional services firm that encompasses a full range of corporate finance matters including, but not limited to, mergers and acquisitions, reorganizations, recapitalizations, stock repurchases, capital raising, bank financing, strategic alternatives and general corporate advisory on related matters.
About MFA Securities
MFA Securities, LLC, a FINRA member broker-dealer, provides merger and acquisition (M&A) business advisory services and transaction services to unaffiliated private companies.