December 15, 2016

Celerity Partners Exits All Aboard America! Holdings

Celerity Partners and its partners have sold All Aboard America! Holdings, Inc. (“AAAHI” or the “Company”) to a private investment firm.  Celerity founded the project in the summer of 2012 in partnership with Craig Lentzsch, formerly CEO of Greyhound and Coach America (under the ownership of Kohlberg and Co.) by simultaneously acquiring Calco Hotard, headquartered in New Orleans, and All Aboard America, headquartered in Phoenix, each with dominant share of market within their respective geographies.   The Company executed four additional acquisitions during Celerity’s hold period.  In the four and a half years under our ownership, AAAHI has grown to become one of the largest motor coach operators in the country.  At the point of our exit, AAAHI operated across seven contiguous states across the southern U.S. from eastern Louisiana to Southern California. The growth strategy led the transformation of AAAHI’s revenue base from one-time charters to majority long term contracted services. EBITDA grew by approximately 2.5x through the hold period after building a significant corporate team.