September 18, 2023
Weil advised Blue Bird Corporation, a leader in electric and low-emission school buses, and American Securities LLC, as selling shareholder, in a $52.5 million block trade of 2,500,000 shares of Blue Bird common stock sold by American Securities LLC, Coliseum Capital Partners, L.P. and Blackwell Partners LLC (the Selling Stockholders). The offering consisted entirely of secondary shares sold by the Selling Stockholders, who will receive all of the proceeds from the offering. The transaction priced on September 11, 2023 and closed on September 14, 2023.
Founded in 1927, Blue Bird is recognized as a technology leader and innovator of school buses, with more than 20,000 propane, natural gas and electric powered buses in operation.
The Weil team was led by Mergers & Acquisitions Head Michael Lubowitz and included Capital Markets partners Heather Emmel and Ashley Butler and associates Sakshi Sharma, Erica Yoon, Eric Wissman and Patrick Motta, as well as Public Company Advisory Group Co-Head Howard Dicker.