TIP Minnesota Coaches Acquisition LLC, TIP MN Investments LP, and Tiger Infrastructure Partners Fund IV AIV LP are seeking the Surface Transportation Board's approval to gain control of multiple passenger motor carriers, including Marschall Line and Minnesota Coaches. These companies specialize in school and motorcoach transportation services, with operations primarily in Minnesota and extending to neighboring states. The proposed acquisition intends to maintain current services and workforce while potentially expanding the fleet. If no opposition is filed, the transaction will be finalized by February 25, 2025.
Simple Explanation
TIP Minnesota and some other companies want to take control of several bus companies that help kids and travelers get around. They promise to keep everything the same for now, but if there's no one saying, "Wait a minute!" by February 25, 2025, they will go ahead and make the changes official.