Progress Equity Partners Completes New Investment in Davey Coach

Progress Equity Partners, Ltd. is pleased to announce its recent investment in Davey Coach and Cornerstone Bus Leasing and Rentals. Based outside of Denver, CO, the company is one of the nation’s leading dealers of new and used mid-sized buses and shuttles, as well as a premier provider of passenger transport vehicles for lease and rental.

Tom Davey, who founded the company in 1992, will continue as CEO and stated, “We are excited to partner with an experienced investment group that shares our vision for the continued expansion of our service capabilities and supports our growth initiatives in this unique and evolving industry.” Steve Sangalis, Partner at Progress Equity, commented “Davey has a long history of success in providing its diverse customers with comprehensive solutions to satisfy their passenger transportation needs. We are honored to partner with Tom and look forward to being part of the company’s future.”

Progress Equity partnered with Harbert Mezzanine Partners and Great Western Bank in completing the transaction. Learn more about the company at www.DaveyCoach.com.

 

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