About Custom Bus
Custom Bus is Australia’s second-largest bus-body building company with a proud heritage, having produced its first vehicle in 1955. Custom has a reputation for producing sophisticated city buses for government and route services, designed for a 25-year life cycle. The company is headquartered at its state of the art facility in Sydney, NSW. The business also offers aftermarket service in strategic locations across the country. Custom produced over 220 buses in 2013, achieving a 15% share of the total Australian bus market.
About Allegro Funds
Established in 2004, Allegro is an independently-owned Australian fund manager investing primarily in private mid-market businesses within Australia and New Zealand. Allegro currently manages more than $300 million in committed capital from Australian superannuation funds and the Allegro team. Backed by a team of experienced investment professionals, Allegro deploys capital, expertise and a distinctly hands-on approach to investing in businesses requiring transformation. The acquisition of Custom further demonstrates the ability of private equity to deploy capital in turnaround or distressed situations.