Sale of Red Bus to Ritchies

Murray & Co acted as financial advisor to Red Bus on the sale of its Christchurch bus operations to Ritchies Transport.

Red Bus operates a passenger transport business in Canterbury with school and urban bus service contracts with the Ministry of Education and Environment Canterbury. Red Bus was owned by Christchurch City Holdings, the investment arm of Christchurch City Council.

Ritchies Transport is one of New Zealand’s largest bus transport companies with urban passenger, school and charter services, managing a fleet of over 1,500 with branch offices in 14 towns and cities across the country.

The transaction completed in December 2020.