Blue Bird school bus maker to be sold

Blue Bird Corp., the Fort Valley-based school bus maker, will be acquired by the Houston investment firm Hennessy Capital Acquisition Corp. in a deal valued at nearly $500 million.

Hennessy said it is acquiring Blue Bird from Traxis Group for $255 million in cash and shares of Hennessy stock, and the assumption of $235 million in Blue Bird debt.

The deal also will make Blue Bird, which employs more than 1,500 workers, a publicly traded company.

More details on the deal are available to subscribers on MyAJC.com.

About the Author

Christopher Seward

PSC OKs energy plan for Georgia Power, locking in reliance on fossil fuels

Fossil fuels will continue to supply much of Georgia Power’s electricity after state regulators approved a long-range energy plan driven mostly by the needs of data centers.

Delta settles DOJ lawsuit alleging violations of COVID-19 relief rules

The company paid $8.1 million to settle the suit, which alleged it paid executives more than the rules allowed. Delta accepted nearly $12 billion in federal relief funds.

The CBS split from Atlanta News First could preview other big TV changes

TV station owners are having to adapt as viewing habits change and viewership declines.

The Latest

Credit: Special

What do you get with a $200,000+ luxury SUV? The options are endless.

As Fulton eyes property tax increase, critics say commercial values too low

California upgraded its film incentive program. How will this affect Georgia?

Featured

Credit: Jason Getz/AJC

Bright lights, big stage: Atlanta readies for the All-Star Game spotlight

The Braves, Truist Park and The Battery Atlanta have been preparing for the MLB All-Star Game for years, and all will be the epicenter of the baseball world Tuesday night.

The CBS split from Atlanta News First could preview other big TV changes

TV station owners are having to adapt as viewing habits change and viewership declines.

Grayson High’s Tyler Atkinson, No. 1 prospect in Georgia, commits to Texas

Grayson High’s Tyler Atkinson, the top-ranked linebacker in the nation, has committed to Texas, turning down UGA’s long-standing pursuit.