ComfortDelGro Corporation Australia (CDC) has completed its previously announced acquisition of the largest bus operator in the Rockhampton region.
Young’s Bus Service is now officially a part of CDC’s expanding regional bus portfolio, complementing its other operations in regional Australia.
The acquisition brings 42 additional buses and two depots under the control of CDC along with the delivery of route, school, and charter bus services in the area. It has also boosted CDC’s Queensland fleet size to 197 buses, while the total number operated in Australia is now close to 2500 buses.
ComfortDelGro Australia CEO Nicholas Yap said the finalised acquisition of Young’s Bus Service is another demonstration of the company’s growing commitment to public transport customers and communities across Australia.
“Young’s Bus Service is well-loved by the communities it serves and we are very pleased to introduce it to the CDC regional portfolio,” Mr Yap said.
“To maintain such vast local knowledge and provide continued quality services for our customers, we have retained the expertise of Young’s senior management team and we have offered all staff ongoing employment with us.
“This acquisition ties in well with other recent commitments to the communities of regional Australia, such as our expansion in Narrabri in New South Wales.
“We’re proud that our increased presence in regional Australia is offering more customers the benefits that come with the resources and experience of one of Australia’s largest bus operators, including advanced on-board technologies, increased safety and a strong focus on customer experience.
“We are also offering employees in regional locations the opportunities for career growth and mobility that come from working with a major global player.
“Throughout our operations, we have continuously displayed our dedication to linking people, places and communities across Australia and this will continue with Young’s,” Mr Yap said.
Son of founder Stan Young, Phil Young, who has been running the 71-year-old business with his brother David and mother Joan, said that CDC ownership would allow it to thrive into the future.
“To go with a bigger company would improve the business out of sight, for vehicles, for financing, for employment,” Mr Young said.
“My brother and I are excited about staying on with CDC for the foreseeable future, assisting in the day-to-day running of Youngs, before we step into our next chapter, retirement.”
CDC currently operates in six States and Territories in Australia – New South Wales, Victoria, the Australia Capital Territory, Queensland, the Northern Territory and Western Australia.