Company type | Public |
---|---|
TSX: NFI | |
Industry | Bus manufacturing |
Predecessor | New Flyer Industries |
Founded | June 16, 2005 |
Headquarters | Winnipeg, Canada |
Area served | Worldwide |
Key people | Paul Soubry (CEO) |
Products | Motorcoaches and transit buses |
Revenue | US$2,685 million [1] (2023) |
US$−21.3 million [1] (2023) | |
US$−136.2 million [1] (2023) | |
Owner | Marcopolo (10.8%) |
Number of employees | 8,500 [2] |
Subsidiaries |
|
Website | nfigroup.com |
Footnotes /references [3] |
NFI Group Inc. is a Canadian multinational bus manufacturer, based in Winnipeg, Canada. The company employs 8,500 people [2] across 50 facilities in nine countries. NFI Group owns Alexander Dennis, ARBOC Specialty Vehicles, Motor Coach Industries, New Flyer, Plaxton, NFI Parts, and Carfair Composites. The company is listed on the Toronto Stock Exchange under the symbol NFI, and is a constituent of the S&P/TSX Composite Index.
NFI Group was created on June 16, 2005, as the holding company of New Flyer Industries so it could be publicly traded on the Toronto Stock Exchange. [4]
In October 2008, NFI Group. was named one of Canada's Top 100 Employers, which was announced in The Globe and Mail newspaper, and the company was featured in Maclean's newsmagazine. Later that month, New Flyer was also named one of Manitoba's Top Employers, which was announced by the Winnipeg Free Press newspaper. [5]
The company converted to a corporate structure from a trust-like structure in October 2011.
Brazilian bus manufacturer Marcopolo S.A. acquired a 19.99% stake of New Flyer on January 23, 2013, for $116 million, the maximum it could acquire without offering to buy out other shareholders. [6] Marcopolo would later reduce its stake in the company to 10.8% on September 22, 2016, although it remains the largest individual shareholder. [7]
Since 2013, the NFI Group has completed several mergers and acquisitions that have expanded the company beyond its original focus on heavy-duty transit buses for the North American market and into on several other bus types and markets.
As competing manufacturer Daimler exited the North American market in 2013, New Flyer purchased the aftermarket parts business for its Orion brand of heavy-duty transit buses for US$29 million. [8] Under the agreement, New Flyer acquired the Orion parts inventory, the company's accounts, licence to use proprietary part designs and agreed to provide parts for customer warranty support. [9]
On June 21, 2013, New Flyer agreed to acquire competing heavy-duty transit bus manufacturer, North American Bus Industries (NABI) for US$80 million. [10] [11] Upon completion of NABI's outstanding orders, New Flyer converted the former NABI factory in Anniston, Alabama into a fourth facility to produce the Xcelsior heavy-duty transit bus. [12]
On November 10, 2015, New Flyer agreed to acquire motorcoach manufacturer Motor Coach Industries from KPS Capital Partners for US$459 million, [13] with the deal closing on December 18, 2015. [14] [15]
On December 1, 2017, NFI acquired Middlebury, Indiana-based small cutaway and medium duty bus manufacturer ARBOC Specialty Vehicles for US$95 million. [16]
On May 28, 2019, NFI Group purchased British bus and coach manufacturer Alexander Dennis, including its subsidiary Plaxton, for £ 320 million ( US$ 438.36 million). [17]
The company owns several subsidiaries that produce various kinds of buses:
The company also owns a few companies that produce parts for buses:
A coach is a type of bus built for longer-distance service, in contrast to transit buses that are typically used within a single metropolitan region. Often used for touring, intercity, and international bus service, coaches are also used for private charter for various purposes. Coaches are also related and fall under a specific category/type of RVs.
The Blue Bird Corporation is an American bus manufacturer headquartered in Fort Valley, Georgia. Best known for its production of school buses, the company has also manufactured a wide variety of other bus types, including transit buses, motorhomes, and specialty vehicles such as mobile libraries and mobile police command centers. Currently, Blue Bird concentrates its product lineup on school buses, school pupil activity buses, and specialty vehicle derivatives.
North American Bus Industries, Inc. (NABI) was a manufacturer of heavy-duty transit buses with its headquarters, bus manufacturing and assembly operations, located in Anniston, Alabama. Its products ranged from 31-feet to 60-feet in length, and were sold to operators throughout the United States and Puerto Rico. NABI's U.S. operations also include an aftermarket parts division in Delaware, Ohio, and an after-sales service center at Mira Loma, California.
Motor Coach Industries (MCI) is a North American multinational bus manufacturer, specializing in production of motorcoaches. Best known for coaches produced for intercity transit and commuter buses, MCI produces coaches for a variety of applications, ranging from tour buses to prison buses.
Alexander Dennis is a British bus manufacturing company based in Larbert, Scotland. The largest bus and coach manufacturer in the United Kingdom, with a 50% market share in 2019, it has manufacturing plants and partnerships in Canada, China, Europe, Hong Kong, Malaysia, New Zealand, Singapore, South Africa and the United States.
Carpenter Body Works is a defunct American bus manufacturer. Founded in 1918 in Mitchell, Indiana, the company produced a variety of vehicles, with the majority of production consisting of yellow school buses for the United States and Canada.
Nova Bus is a Canadian transit bus manufacturer headquartered in Saint-Eustache, Quebec. Nova is owned by the Volvo Group.
Prevost, formally known as Prevost Car, is a Canadian manufacturer of touring coaches and bus shells for high-end motorhomes and specialty conversions. The company is a subsidiary of the Volvo Buses division of the Volvo Group.
Orion Bus Industries, also known as Bus Industries of America in the United States, was a private bus manufacturer based in Mississauga, Ontario, Canada.
Collins Industries is an American bus manufacturer headquartered in South Hutchinson, Kansas. Best known for production of yellow school buses, the company produces buses for multiple applications; all bodies designed by the company have been produced for cutaway van chassis.
A midibus is a classification of single-decker minibuses which are generally larger than a traditional minibus but smaller than a full-size single decker and can be anywhere between 8 metres and 11 metres long. While used in many parts of the world, the midibus is perhaps most common in the United Kingdom, where operators have found them more economical, and to have a sufficient number of seats compared to full size single-decker buses.
Henlys Group PLC was a major London motor distributor and dealer founded in 1917 in London's Great Portland Street. In the 1980s it was taken over by a company associated with Michael Ashcroft, then some years later sold to Yorkshire bus manufacturer Plaxton.
Cutaway van chassis are used by second stage manufacturers for a wide range of completed motor vehicles. Especially popular in the United States, they are usually based upon incomplete vans made by manufacturers such as Chrysler, Ford, and General Motors which are generally equipped with heavier duty components than most of their complete products. To these incomplete vehicles, a second stage manufacturer adds specific equipment and completes the vehicle. Common applications of this type of vehicle design and manufacturing includes small trucks, school buses, recreational vehicles, minibuses, and ambulances. The term "cutaway" can be somewhat of a misnomer in most of the vehicle's context since it refers to truck bodies for heavy-duty commercial-grade applications sharing a common truck chassis.
Marcopolo S.A. is a Brazilian bus, coach and rail manufacturer, founded on 6 August 1949 in the southern Brazilian city of Caxias do Sul, state of Rio Grande do Sul. The company manufactures the bodies for a whole range of coaches, e.g. microbus, intercity, and touring models.
The Shyft Group, Inc., formerly known as Spartan Motors, is an American automobile design company that designs, engineers and manufactures specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle (RV), government services, and delivery and service markets. The company started in 1975 as a direct result of the bankruptcy of Diamond Reo. It is currently headquartered in Novi, Michigan and has 3,000 employees.
ElDorado is an American manufacturer of cutaway buses, owned by Forest River, with its headquarters and main factory in Salina, Kansas.
Goshen Coach was an American cutaway bus builder located in Salina, Kansas.
New Flyer is a Canadian multinational bus manufacturer, specializing in the production of transit buses. New Flyer is owned by the NFI Group, a holding company for several bus manufacturers. New Flyer has several manufacturing facilities in Canada and the United States that produce the company's main product, the New Flyer Xcelsior family of buses.
The NABI LFW is a line of low-floor transit buses available in 30' rigid, 35' rigid, 40' rigid, and 60' articulated lengths manufactured by North American Bus Industries (NABI) between 1997 and 2015. In addition to the different available lengths, the buses were sold with a variety of powertrains, including conventional diesel, LNG, and CNG combustion engines along with a diesel-electric hybrid system
ENC is an American manufacturer of heavy-duty transit buses with its headquarters and main factory in Riverside, California, and owned by Rivaz Inc.