Access Holdings (Access), an alternative asset manager providing investors with access to the lower middle market, announced the sale of its student transportation platform, American Student Transportation Partners (ASTP), to funds managed by CVC DIF.
Through its data-driven, proprietary operating model – The Access Way – Access identified the student transportation industry as an attractive investment opportunity with the vision to build a modern, scalable business. The ASTP platform was launched in 2021, following the acquisition of Krise Transportation, to partner with leading student transportation operators and address industry challenges, such as driver retention, driver recruitment, and aging fleets.