GO Riteway acquires Indiana bus company

Freeman Staff

Feb. 15, 2019

OAK CREEK — GO Riteway Transportation Group announced Wednesday it has acquired Cardinal Buses, Inc. of Middlebury, Ind.

Milwaukee investment bank Bridgewood Advisors represented GO Riteway in the transaction. GO Riteway is headquartered in Oak Creek and has 1,475 employees in 22 locations with over 1,250 passenger transportation vehicles, including school buses, motor coaches, mini coaches, black cars and airport shuttles. Cardinal Buses has satellite offices in Mishawaka, Ind. and Holland, Mich. The company has 120 employees operating over 50 vehicles, When the companies are combined, the GO Riteway/Cardinal Bus operation will become one of the largest diverse fleets in the Midwest. The owners of Cardinal Buses were nearing retirement age and were looking for a business partner who would maintain the company legacy, according to the announcement.

“We have been looking to grow the geographic footprint of our motor coach business for years, but it was important for us to find a company that shared our family values. We respect the business the Shoup family and their valued employees have built. We plan to keep the Cardinal name in the markets where they operate,” Ronald Bast, chairman of GO Riteway, said in a statement.