PEP Portfolio Company Davey Coach Completes Add-On Acquisition
April 2018 – Progress Equity Partners (“PEP”) is pleased to announce the acquisition of certain assets of Intermountain Coach (“IMC”) by portfolio-company Davey Coach Holdings. Intermountain Coach, based in Colorado Springs, CO, has been a dealer and lessor of mid-size buses in the Rocky Mountain Region for over 20 years. Several employees, including industry veteran Steve Francom, joined the Davey Coach team as part of the transaction.
“IMC’s robust lease and short-term rental business is a great addition to our own lease business”, said Tom Davey, CEO. “This transaction strengthens our capabilities and broadens our reach. We couldn’t be more pleased to offer our full range of bus products and services to a new customer base, while growing in our existing markets.”
John Walsh, COO, added, “Steve and his team are a great addition to our core staff. Their knowledge and experience will help us fully establish our regional strength. This acquisition allows us to launch into our next phase of expansion.”
Davey Coach, based outside Denver, CO, has been one of the leading dealers and lessors of mid-sized buses in North America since the 1990s. Davey Coach represents 16 mid-size bus manufacturers and serves diverse end-markets including senior care facilities, transportation companies, resorts, and governmental entities throughout the Rocky Mountain region and Western US. For more information regarding Davey Coach, please visit daveycoach.com.
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