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Nash Advisory advising Melbourne’s Crown Coaches bus company on sale

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Boutique corporate advisers Nash Advisory has been appointed to sell the near 60-year-old family-owned enterprise

Buckle in for another bus deal. Boutique corporate advisers Nash Advisory has hit the road with Melbourne’s Crown Coaches, advising the nearly 60-year-old family business on a possible sale, Street Talk understands.courting buyers for luxury Victorian rehabilitation centre Hills & Ranges Private

The business specialises in transport for students with disabilities. It also operates charter runs for schools and private clients, holding contracts with the Victorian Department of Education. The fleet consists of 157 buses, from mini to high capacity . Sources told Street Talk that with 80 per cent of revenue under contract, the business is expected to deliver $29 million revenue and $4.3 million EBITDA this calendar year. Financial accounts registered with the corporate regulator show Crown Coaches grew revenue 20 per cent to $26.4 million last year. Profit rose to $557,269.

 

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