Australia’s leading and fastest growing mass transit operator Kinetic has bolstered its commitment to regional Queensland with the acquisition of Cairns-based bus operator Loves Bus Service Qld (LBSQ).
LBSQ has an impressive 18-year track record in the Cairns region, holding key government school bus service contracts and operating regular private charter services with its fleet of 26 buses. The transaction includes the existing Portsmith depot premises owned by LBSQ.
The company joins fellow Cairns operator Sunbus under Kinetic’s ownership, after it was also acquired earlier this year. Sunbus operates urban route bus services across Cairns as well as in Townsville, Magnetic Island, Rockhampton and the Sunshine Coast.
LSBQ joins a growing stable of other brands operated by Kinetic across Australia and NZ, including airport transit business SkyBus, Gold Coast urban bus company Surfside Buslines and Sydney’s largest bus and coach charter company Telford’s.
Kinetic Co-CEO Adam Begg said Loves was an exciting addition to the group and a great outcome for Cairns passengers.
“We continue to look for growth opportunities to bring our customer-first, world class standards to all of our services, whether it is airport transit, commuter routes, school services, or special charter services,” Mr Begg says.
“Adding Loves to our group indicates our ongoing commitment to the Cairns region and we look forward to building upon the fantastic business the Love family and their passionate team have created.”
LBSQ managing director Dan Love said he was proud of what he and his wife Julie had achieved with the company over the past two decades.
“We have always had a strong commitment to delivering high quality bus services to the community and the people within the business have made this possible,” Mr Love said.
“Julie and I moved to Cairns for seven years to get this company going, inheriting a 29 year old fleet of buses and over time upgrading them with replacement buses from across Australia. We eventually got to drive 25 new buses up from Brisbane thanks to government assistance.”
It is expected the transaction will complete this month.