Blue Bird Corp

Blue Bird Corp operates as a designer, manufacturer, and seller of school buses. The company's business was historically operated by School Bus Holdings Inc. and its subsidiaries under the "Blue Bird" name. On February 24, 2015, the company, then known as Hennessy Capital Acquisition Corp., acquired all outstanding capital stock of School Bus Holdings Inc. from The Traxis Group, B.V. for a total purchase price of $100.0 million in cash and 12,000,000 shares of common stock, valued at $120.0 million. Following this acquisition, the company changed its name to Blue Bird Corporation. In May 2016, The Traxis Group, B.V. sold its 12,000,000 shares of common stock to ASP BB Holdings LLC for an aggregate purchase price of $125.7 million. This transaction involved 7,000,000 shares sold on June 3, 2016, at $10.10 per share, and 5,000,000 shares sold on June 8, 2016, at $11.00 per share. The company did not receive any proceeds from this transaction.