FirstGroup has acquired Tetley’s Motor Services Limited (Tetley’s Coaches), a Leeds-based coach and bus operator in operation for over 75 years.
Tetley’s Coaches operates from a large depot which it owns in Central Leeds, adjacent to the existing First Bus Hunslet Park depot.
It has a fleet of 55 coaches and buses and a diverse portfolio of contracts for schools, universities, workplace shuttles and private hire in Central Leeds and throughout the West Yorkshire Combined Authority Area.
For the 12 months to 31 March 2024, Tetley’s reported revenues of £5.3m and EBIT of £1.4m.
Managing director Ian Tetley will remain with the business as a director while it is integrated into First Bus.
Graham Sutherland, FirstGroup CEO, said: “I am very pleased to welcome Tetley’s Coaches to the Group. This is a well-established, profitable business with its own large, centrally located depot and a strong contract base.
“As we work to grow our adjacent services market share, this strategic acquisition will complement our York Pullman and Lakeside businesses and expand our operational footprint and contract portfolio in one of our key markets.”
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