ASTP Joins Forces with CVC DIF for Expansion in U.S.
Deal News | Aug 12, 2025 | Dutch Infrastructure Fund BV
CVC DIF, the infrastructure strategy arm of CVC Capital Partners, announced its agreement to acquire American Student Transportation Partners (ASTP) from Access Holdings. ASTP, serving over 90,000 students annually across the Northeast and Midwest U.S., operates a fleet of more than 2,300 vehicles through a contract-based model serving over 50 school districts. This acquisition aligns with CVC DIF's commitment to investing in infrastructure essential to communities it serves, especially in the education sector. ASTP, founded in 2021, emphasizes safe, reliable transport solutions, enabling school access. The deal marks a strategic move for CVC DIF to enhance ASTP's current operations and expand into new U.S. districts, continuing its trajectory as a national leader in student transportation. BMO Capital Markets Corp. acted as the exclusive financial advisor for CVC DIF.
Sectors
- Private Equity
- Transportation
- Infrastructure
Geography
- United States – The transaction and operations of ASTP are primarily based in the Northeast and Midwest regions of the United States.
- Netherlands – CVC DIF, part of CVC Capital Partners, operates out of the Netherlands.
Industry
- Private Equity – This industry is relevant as CVC Capital Partners and Access Holdings are both private equity firms involved in the transaction.
- Transportation – ASTP operates within the transportation sector, providing school bus services to various districts in the U.S.
- Infrastructure – CVC DIF is investing in infrastructure, focusing on student transportation systems, emphasizing the importance of reliable education-related infrastructure.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| American Student Transportation Partners (ASTP) | Target Company | Company | A U.S. student transportation operator providing services across the Northeast and Midwest with a fleet of over 2,300 vehicles. |
| Access Holdings | Selling Company | Company | A private equity firm focused on the lower-middle market, which is selling ASTP to CVC DIF. |
| CVC DIF | Bidding Company | Company | The infrastructure strategy arm of global private markets manager CVC Capital Partners, acquiring ASTP. |
| BMO Capital Markets Corp. | Financial Advisor | Company | Served as exclusive financial advisor to CVC DIF in the acquisition of ASTP. |
| Tod Eskra | Chief Executive Officer | Person | The CEO of ASTP, leading the company through its expansion and partnership with CVC DIF. |
| Gijs Voskuyl | Managing Partner and Head of CVC DIF | Person | Managing Partner at CVC DIF, instrumental in the acquisition strategy for ASTP. |