News

Piper Alderman advises on sale of Young’s Bus Service

15/11/2021

Piper Alderman has acted for Philip, David and Joan Young in the recent sale of their 72 year old family bus business to ComfortDelGro Corporation Australia (CDC).

Young’s Bus Service is the largest bus operator in Rockhampton and has provided bus services to the Rockhampton and Capricorn Coast regions of Queensland since 1949.

Maria Capati in Piper Alderman’s Brisbane office has been the trusted legal advisor to the Young family for over ten years and assisted the family in navigating the complexities of selling their business to CDC.

Maria said:

“It was a privilege to assist Philip, David and Joan Young during this period in the family’s lives.  The decision to sell their family business was not an easy one, and it was a complicated process from start to finish.  I thank the family for trusting my team and I to finalise and settle the transaction for them.”

Commenting on the sale and his experience with Piper Alderman, Phil Young said:

“When we decided to sell the family business after some 72 years in the bus industry, we knew we had the right person to oversee the sale when we placed it in the safe hands of Maria. Having known and worked with Maria over the past 10 years, we were very impressed with her integrity, her professionalism, and her vast knowledge of the law. We have always found Maria to be friendly, approachable, and always willing to communicate.

Having placed the sale in Maria’s capable hands took an enormous amount of stress and pressure off of myself as we worked through the process of the sale. What had been a very emotional time for Joan, David and myself was made so much more bearable thanks to Maria and we would like to take this opportunity to thank her for a job well done and she comes with our highest recommendations.”

Maria is a commercial lawyer with significant advisory and M&A experience in the passenger transport sector.  She has been involved in a number of transport transactions Australia-wide both on the sell-side and buy-side.  She is also considered one of the foremost experts in Australia on Government passenger contracts.