Sydney’s biggest privately owned bus and coach charter company, North Sydney Bus Charters, is formally testing buyer appetite after receiving a handful of inbound approaches in recent months.
Interested parties said NSBC, owned by Sydney businessman Scott Riley, had hired PKF Corporate to run a process, which was in the indicative bid phase. The business is understood to be making about $50 million a year revenue, with an EBITDA margin at about 33 per cent. Revenue was said to have been up 15 per cent a year over the past five years, and there were healthy forecasts of similar increases in the future.Scott Riley, founder of North Sydney Bus Charters, has received inbound interest for his fast-growing business.
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