
Another coach company has been bought by First Group as part of its expansion into the sector
First Group has announced that it has acquired Leeds-based coach operator Tetley’s Motor Services. The business has been in operation for over 75 years and operates from a large depot which it owns in central Leeds, adjacent to First’s existing Hunslet Park depot. It has a fleet of 55 coaches and buses and operates a diverse portfolio of high capacity contracts including for schools, universities, workplace shuttles and private hire in Leeds and throughout the West Yorkshire Combined Authority Area. A high proportion of the contract portfolio has been recently renewed, the company reports, whilst for the 12 months to 31 March 2024, Tetley’s reported revenues of £5.3m. Managing Director Ian Tetley will remain with the business as a Director while it is integrated into First Bus.
Commenting on the acquisition, Graham Sutherland, FirstGroup Chief Executive Officer said: “I am very pleased to welcome Tetley’s Coaches to the Group. This is a well-established, profitable business with its own large, centrally located depot and a strong contract base. As we work to grow our adjacent services market share, this strategic acquisition will complement our York Pullman and Lakeside businesses and expand our operational footprint and contract portfolio in one of our key markets.”