Eastern Transport Holdings, parent company of Stephensons of Essex, has purchased 30-vehicle NIBS Buses of Wickford.
NIBS was previously owned by directors Steve and Janet Nelson. It has a turnover of £2.5m and it runs a mixture of commercial and tendered school and stage carriage services. Vehicles will retain the red and yellow livery and it will be “business as usual,” says Stephensons Managing Director Bill Hiron.
“This purchase gives us a presence in an area largely outwith our current sphere of operations. NIBS has an experienced and enthusiastic management and staff team and I am delighted to welcome it to the family.”
Adds Mr Nelson: “While the company is made up of its routes, its vehicles and its other assets, our staff have been by far and away the most valuable part. I would like to thank them and acknowledge their professionalism, sense of teamwork and service over the past 50 years.”
