Clarendon Lawyers is delighted to have advised the shareholders of the Sita Group on the sale of Sita Buslines Pty Ltd and Sita Coaches Pty Ltd (which collectively trade as the Sita Group) to Transit Systems Pty Ltd. Completion occurred on 4 April 2019.
The Sita Group, which was founded in 1959, has operated as a family run business for the past 50 years, growing to provide public transport services for eighteen bus routes throughout the CBD and Western suburbs of Melbourne. Transit Systems is a provider of public transport services across a range of major Australian cities. Its acquisition of the Sita Group marks its first entry into Victoria.
The Clarendons team was led by Managing Director, Tony Symons and Senior Associate, David Bryant, who were assisted by Lawyer, Stephen Dyason and Graduate, Jordy Finch.
Mr Symons congratulated the Sita family on the sale. “We are delighted to have been able to assist the Sita family, who have been longstanding clients of the firm, on the successful sale of their business. This transaction is a great result for the family and a testament to their hard work over many years in building such an outstanding business.”
The Sita family were also advised by Grant Thornton in relation to the sale. Talbot Sayer acted as legal adviser to Transit Systems.