CVC Capital Partners’ infrastructure strategy, CVC DIF, has agreed to acquire American Student Transportation Partners (ASTP) from Access Holdings, marking a significant investment through its DIF Infrastructure VII fund.

Founded in 2021, ASTP has rapidly expanded into a leading multi-state student transportation provider in the Northeast and Midwest US. The company serves over 50 school districts and safely transports more than 90,000 students each year via a fleet of over 2,300 technology-enabled school buses and passenger vans.

CVC DIF plans to support ASTP’s continued growth by enhancing service delivery in existing markets and expanding operations into new US regions.

“The partnership with ASTP and the management team represents CVC DIF’s commitment to investing in infrastructure that is essential to the communities they serve,” said Gijs Voskuyl, Managing Partner and Head of CVC DIF. “We believe this investment aligns seamlessly with our strategy of backing high-quality infrastructure that delivers stable, long-term cash flows and attractive risk-adjusted returns.”

ASTP CEO Tod Eskra welcomed the deal, noting the company’s transformation from a small regional operator into a national leader over the past four years. “We look forward to continuing our growth journey with CVC DIF, knowing we are supported by a leading infrastructure investor with a thoughtful strategy,” Eskra said.

BMO Capital Markets served as exclusive financial adviser to CVC DIF.

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