Summary
First Transit targeted companies within its core competencies of public transportation services, and then looked to see if they were a strategic fit. Murray says taking time to find the right business and then integrating both companies, which is still taking place, has helped First Transit become more competitive and innovative in its market and, hopefully, the market leader in the future.
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Extract
Taking the Wheel
As president of First Transit Inc., Mike Murray was filled with excitement and anticipation when the acquisition of Laidlaw International Inc. was completed in October 2007.
"For years, you're competitors, and then suddenly you're going to become one," Murray says. "We're going to get the opportunity to find out the best practices of both businesses, merge those together and become even better."Laidlaw Transit joined with First Transit, the more than $700 million public transit division of FirstGroup America plc, the largest school bus operator and bus contractor in the United States. While this wasn't First Transit's first ...See the full content of this document
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