STI was acquired by a group of investors in 2018
In 2018, STI announced an agreement to be acquired by a company sponsored by Caisse de dépôt et placement du Québec (CDPQ) and Ullico Inc. (Ullico). CDPQ has been a prominent investor in STI in recent years, with the recent acquisition facilitating further company growth as a leader in student transportation in North America.
COVID|M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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