January 16, 2024 – Independent Bankers Capital Fund IV, L.P. (“IBC Fund IV”) is pleased to announce its co-investment to support the recapitalization in Fenton, Missouri based Central States Bus Sales, Inc. (“CSBS”). CSBS is a multi-state dealer of new and used school buses sold primarily to a network of institutional and commercial customers, including school districts, municipalities, and transit providers. CSBS is the largest dealer of Blue Bird school buses in the United States with five current facilities in Missouri, Illinois, Tennessee, Kentucky and Arkansas and one scheduled to open in Alabama in 2024. Further, the company acquires and remarkets used buses, sells aftermarket and replacement parts, and offers repair services at each of its 5 locations, as well as value added technical training services to assist customers in properly servicing and maintaining buses.
IBCF co-invested in the CSBS transaction alongside Patriot Capital, Capital for Business, and Konza Valley Capital.
