If you run airport shuttle service, employee transportation, or a corporate campus loop and you are thinking about a sale, you have two paths. List with a broker and wait, or talk directly to a buyer who already understands the business.
TMA95 is a direct buyer of shuttle companies. We are not a broker. We do not list your company on a marketplace, and we do not send your financials to a list of strangers. You talk to one buyer, under NDA, and you control what gets shared and when.
We buy across four modes: transit and paratransit, school bus, airport and corporate shuttle, and non-emergency medical transportation (NEMT). This page covers airport and corporate shuttle operations.
Why Shuttle Operators Sell Direct
A broker listing puts your company in front of anyone who signs up on a marketplace site. That includes competitors, curious drivers, and people who were never serious buyers. Once a listing goes live, word travels fast in a business built on hotel, parking, and employer relationships.
A direct sale skips the listing step entirely. As a direct buyer, not a broker, we sign an NDA before any financials change hands. There is no public listing, no sign-up sheet, and no fee or commission owed by you. Your inquiry goes to a principal, not a call center, and it stays confidential from the first message.
Shuttle companies carry value that a general listing site cannot capture. Contract renewal history, on-time performance, and dispatch discipline do not fit into a listing summary. A buyer who has never run shuttle service tends to discount what they do not understand.
Airport Shuttle Operations
Airport shuttle work runs on a mix of relationships and access. Terminal access and permits vary by airport authority, and whether a permit or operating agreement transfers to a new owner depends on the specific authority and how your current agreement is written. We walk through what applies to your situation before you commit to anything.
Beyond airport access itself, we look at your hotel and parking contracts. These agreements often run on multi-year terms with renewal clauses tied to service quality. A steady renewal record across your hotel and parking clients tells a buyer the relationship is durable, not one bad season away from ending.
Airport shuttle service also runs around the clock. We look at how you staff overnight and early-morning routes, since 24/7 service demands a driver pool and a dispatch system that can hold up under a schedule most operators do not run.
Corporate and Employee Shuttle Operations
Corporate shuttle work covers campus loops, employer-sponsored commuter routes, and contracts with large employers directly. Clients in this category often include tech companies, hospitals, and universities, and each brings its own contract structure and service expectations.
We look at how your employer contracts are structured: fixed fee, per-rider, or a hybrid model. We also look at contract length and renewal history. A campus loop that has run for a client for several years under renewing terms carries more value than a newer contract still finding its footing.
Route stability matters here too. Employer shuttle routes tend to be predictable, which is part of what makes this segment attractive. We want to understand how ridership has trended and whether the employer relationship sits with one contact or is embedded across the client's operations team.
What We Look For
We do not have a rigid checklist, but here is the general range that fits our buy-box:
- Annual revenue in the $5M-$25M range
- EBITDA in the $1M-$5M+ range
- Fleet size of roughly 50-150+ vehicles
If your company falls outside these ranges, reach out anyway. We review inquiries case by case, and this range describes what we typically see, not a hard cutoff.
Beyond the numbers, here is what we ask about early:
Fleet mix. Shuttle fleets often run a mix of cutaway buses and vans. We look at the age and condition of both, and how the mix matches your route types.
Driver retention. Shuttle routes depend on drivers who know the airport, the hotel loop, or the campus route well. Low turnover and a clear recruiting process are worth more than headcount alone.
Contract renewal history. How long have you held your key hotel, parking, or employer contracts, and have they renewed cleanly? This is one of the clearest signals of business durability we look at.
Dispatch technology. Whether you run GPS tracking, rider apps, or scheduling software affects how efficiently the operation runs and how easily it transitions to new ownership.
What Happens to Your Drivers and Your Contracts
Owners ask about this early, and they should. A shuttle company runs on its people, and continuity for your drivers and dispatch staff is something we plan for, not an afterthought at closing.
On contracts, whether an airport permit, hotel agreement, or employer contract transfers automatically, needs a new bid, or requires approval from the airport authority or client depends on the contract terms and the counterparty involved. We walk through what applies to your situation before you commit to anything.
Staying involved after the sale is also an option for some owners. If you want a clean exit, we can build for that. If you want to keep running the operation with more capital and back-office support behind you, say so early and we will talk through what that looks like.
How the Sale Works
Selling directly follows a simple sequence:
- Confidential inquiry. You reach out with as little or as much detail as you want. No company name required to start.
- NDA first. We sign a mutual NDA before any financials or contract details change hands.
- Review and conversation. We review your financials, contracts, fleet, and driver retention, and we ask what matters most to you: exit, legacy, or growth.
- Straight answer, fast. Days, not months: once we have reviewed your financials, you get a straight answer fast.
For the full step-by-step process, including typical timelines, see how our acquisition process works.
Frequently Asked Questions
Do you buy small shuttle companies? Yes. Operations that a broker would pass on because the commission is too small are often a good fit for us. If you are not sure your company qualifies, reach out. There is no cost to ask.
Will my airport permit or hotel contract transfer to a new owner? It depends on the contract terms and the airport authority or client involved. Some agreements allow assignment with notice, others require a new application or approval. We walk through what applies to your specific contracts before any deal is structured.
Do you buy real estate along with the company? Often, yes. Your yard or facility can be included in the sale or handled through a separate lease-back arrangement, whichever fits your situation better.
How is my company valued? Valuation depends on your contract mix, renewal history, fleet condition, and driver retention, not just revenue. A direct sale usually moves faster than a broker listing once financials are shared. For a straight answer specific to your company, request a confidential valuation.
Start the Conversation
If you are weighing your options for an airport or corporate shuttle company, start with a confidential conversation. No public listing, no fee or commission owed by you, and your inquiry goes to a principal.
We also buy transit and paratransit companies and non-emergency medical transportation companies, across our target markets in the West, Southwest, Southeast, Northeast and Midwest.
Start a confidential conversation.
No obligation. NDA before financials.