Private equity firm acquires Dart Transit, ending 90 years of family ownership
Yahoo Finance·2026-01-08 18:13

Acquisition Overview - Avkha Equity Holdings has acquired Dart Transit, ending over 90 years of ownership by the Oren family [1] - The acquisition includes Dart Express and affiliated subsidiaries, with financial terms undisclosed [1] - The transaction became effective on January 1 [1] Management Changes - Mike DelBovo will remain president of the Dart Transit Group, while David Oren continues as president of Dart Express [2] - Tom Witt has been appointed as the chief executive officer of the Dart Transit Group following the acquisition [2] - Founder Don Oren has retired as part of the ownership transition [2] Operational Continuity - The acquisition will not lead to changes in day-to-day operations, and Dart will continue to operate under its existing name [3] - There will be no immediate changes to drivers, customers, facilities, or service offerings [3] - Dart Transit, founded in 1934, has grown to operate 971 power units and employs approximately 855 drivers [3] Future Growth Plans - Avkha Equity Holdings views Dart as a strong operational platform for growth and plans to pursue additional investment and expansion opportunities [4] - Avkha, founded in 2022, has a portfolio in transportation, manufacturing, and logistics-adjacent sectors [4]