Coach USA Receives Court Approval for Asset Sales to Affiliates of The Renco Group, AVALON Transportation and Wynne Transportation

PARAMUS, NJ – August 14, 2024 – Coach USA (the “company”), a leading provider of passenger transportation and mobility services, today announced that the United States Bankruptcy Court for the District of Delaware has approved the following transactions, in connection with its previously announced voluntary Chapter 11 proceedings:

An affiliate of The Renco Group, Bus Company Holdings US, LLC, will acquire the following bus
lines: Dillon’s, Elko, Megabus Retail, Montreal, Olympia, Trentway/Ontario (including Megabus
Canada), Perfect Body, Rockland, Shortline (including Chenango Valley Bus Lines), Suburban, Van
Galder and Wisconsin Coach – as well as certain assets of Community Coach.
Affiliates of AVALON Transportation, LLC, will acquire several of the company’s bus lines: Lenzner,
Kerrville, All West and ACL Atlanta.
An affiliate of Wynne Transportation will acquire Coach USA’s Powder River operation and the Butler Motor Transit body shop operation located in Butler, PA.

Derrick Waters, Chief Executive Officer of Coach USA, said, “We are pleased to have received the
Court’s approval for these transactions that will preserve thousands of jobs and ensure continued service to
millions of passengers throughout North America. We would not have been able to reach this point without
the hard work and dedication of our teams, and I would like to thank our employees for their unwavering
commitment to providing passengers with safe, reliable and affordable service every day. We look
forward to the conclusion of the court-supervised process and continuing to serve our customers and
communities today, tomorrow and beyond.”

The company expects to close the Avalon Transportation and Wynne Transportation transactions on or
around August 19, 2024, and the Renco Group transaction in the coming months. Coach USA is continuing
to operate its lines and serve customers as normal through the completion of each transaction and is
working with each respective buyer to ensure smooth transitions of services.

Información adicional

Additional information is available at http://coachusaprocess.com/. Court filings and other information
related to the proceedings are available on a separate website administrated by the company's claims
agent, Kroll, at https://cases.ra.kroll.com/CoachUSA; by calling Kroll representatives toll-free at +1-844-
547-4557, or +1-646-777-2330 for calls originating outside of the U.S. or Canada; or by emailing Kroll
at CoachUSAInfo@ra.kroll.com.

Advisors

Alston & Bird LLP is serving as the company's legal counsel, Houlihan Lokey, Inc. is serving as financial
advisor, CR3 Partners, LLC is serving as restructuring advisor and Spencer M. Ware is serving as Chief
Restructuring Officer.

About Coach USA
Coach USA is one of the nation’s largest passenger transportation companies where the top priority is the
safety of its customers and employees. We operate 2,250 vehicles and have more than 2,700 employees
who serve millions of passengers. Coach USA provides critical local and intercity transport services for
communities throughout the United States and Canada via Coach Canada. Coach USA also owns and
operates Megabus, which provides affordable, express bus service for intercity travel. Since launching in
2006, Megabus has served more than 50 million customers throughout more than 500 cities across the
nation.

Medios
Michael Freitag / Aaron Palash / Spencer Hoffman / Catherine Simon
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449