Switzer-CARTY acquires Agnes Corp
Terramont-backed Canadian school bus operator Switzer-CARTY has completed its purchase of Minnesota-based Agnes Corp., entering the U.S. market.
Switzer-CARTY Transportation Services, a portfolio company of Terramont Infrastructure Partners, has completed its acquisition of Agnes Corp. and its operating subsidiaries. Agnes is a family-owned student transportation provider headquartered in Owatonna, Minn.
The deal expands Switzer-CARTY's footprint into nine school district contract regions across southern Minnesota and northern Iowa, marking its first entry into the U.S. market. The company said all regulatory approvals, including final authorization from the U.S. Surface Transportation Board, have been completed. Financial terms were not disclosed.
Deal facts
- Target
- Agnes
- Business
- Family-owned student transportation operator based in Owatonna, Minnesota.
- Acquirer
- Switzer-CARTY Transportation Services
- Backed by
- Terramont Infrastructure Partners
- Deal type
- Add-on
- Headquarters
- Owatonna, Minnesota
- Status
- Completed
- Announced
- Tuesday, October 27, 2026
Sources
- Institutional Real Estate, Inc.Oct 27, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.