Kinetic Group

Kinetic is an Australian-based public transport company, formerly known as AATS Group prior to August 2019. It is majority owned by Canadian pension fund OPTrust.[1] It is also the parent company of airport transit provider SkyBus.

Kinetic Group
IndustryBus transportation
Founded2014
FounderMichael Sewards (co-CEO)
Adam Begg (co-CEO)
Headquarters
Melbourne
Area served
Australia
New Zealand
ParentOPTrust
SubsidiariesGo Bus
SkyBus
Telford's Bus & Coach
Sunbus
Surfside Buslines
Love's Bus Service Queensland (LBSQ)
Websitewearekinetic.com

History

AATS started out as a consortium, which included Catalyst Direct Capital Management and OPTrust Private Markets Group, in 2014 to purchase SkyBus.[2][3] Michael Sewards and Adam Begg were the founders and became the co-CEOs of the company.[1]

AATS purchased Transit Australia Group (TAG) in April 2019, including bus companies Sunbus and Surfside Buslines.[4][5] Following the purchase, in August 2019, AATS Group was rebranded the Kinetic Group, and remains the parent company of SkyBus and TAG.[6][7] In the same month, OPTrust began to seek a co-investor in Kinetic Group, who will hold a minority share in the group.[8]

Kinetic acquired Sydney bus and coach charter company Telford's Bus & Coach in November 2019,[9][10] followed by Cairns bus operator Love's Bus Service Queensland (LBSQ) in January 2020.[11][12]

In March 2020, it was announced that Kinetic would buy GoBus and its 1700 buses, subject to approval by the New Zealand Overseas Investment Office.[13] Approval was given in June and the acquisition was completed in August 2020.[14][15]

Subsidiaries

Australia and New Zealand

Queensland

New South Wales

New Zealand

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References
  1. "Kinetic". Kinetic. Retrieved 28 January 2020.
  2. OPTrust, Catalyst acquire Australia’s SkyBus AltAssets 8 September 2014
  3. "About Skybus". SkyBus. Archived from the original on 13 July 2019. Retrieved 20 August 2019.
  4. "SkyBus Operator AATS Group Acquires Transit Australia Group" (PDF). Kinetic. 2 April 2019. Retrieved 28 January 2020.
  5. "Skybus Operator to Acquire Transit Australia Group - Bustech not Included". Australasian Bus & Coach. 2 April 2019. Archived from the original on 22 April 2019. Retrieved 2 April 2019.
  6. "Leading Australian Transit Provider Relaunches as Kinetic" (PDF). Kinetic. 8 August 2019. Retrieved 28 January 2020.
  7. "Skybus parent relaunched as 'Kinetic'". Australasian Bus & Coach. 8 August 2019. Archived from the original on 20 August 2019. Retrieved 20 August 2019.
  8. "OPTrust brings in bankers to find new partner for SkyBus owner Kinetic". Australian Financial Review. 18 August 2019. Archived from the original on 18 August 2019. Retrieved 20 August 2019.
  9. "Kinetic bolsters Queensland footprint with new acquisition" (PDF). Kinetic. 21 November 2019. Retrieved 28 January 2020.
  10. Telford's sold to Skybus Kinetic Group Australasian Bus & Coach 21 November 2019
  11. "Kinetic bolsters Queensland footprint with new acquisition" (PDF). Kinetic. 21 January 2020. Retrieved 28 January 2020.
  12. "Kinetic Acquires Second Cairns Company: Love's Bus Service". Australasian Bus & Coach. 22 January 2020. Archived from the original on 28 January 2020. Retrieved 28 January 2020.
  13. "SkyBus operator set to buy Go Bus from two iwi". RNZ. 16 March 2020. Retrieved 16 March 2020.
  14. "Kiwi transport company Go Bus sold to major Australian operator Kinetic". Stuff. 4 August 2020. Retrieved 7 August 2020.
  15. "Kinetic completes NZ Go Bus acquisition". Australasian Bus & Coach. 4 August 2020. Retrieved 7 August 2020.
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