December 21, 2023
Weil advised Blue Bird Corporation, an independent designer and manufacturer of school buses, and an affiliate of American Securities LLC, as selling stockholder, in a $62.75 million block trade of 2,500,000 shares of Blue Bird common stock sold by an affiliate of American Securities LLC. The offering consisted entirely of secondary shares sold by the selling stockholder, who received all of the proceeds from the offering. The transaction priced on December 14, 2023 and closed on December 19, 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 Capital Markets partners Heather Emmel and Ashley Butler and included associates Erica Yoon, Eric Wissman, Patrick Motta and Evan Caltavuturo (Not Yet Admitted in New York), as well as Mergers & Acquisitions Head Michael Lubowitz and Public Company Advisory Group Co-Head Howard Dicker.