Gryphon Junior Capital Makes Investment in North America Central School Bus

Gryphon Investors (“Gryphon”), a leading middle-market private investment firm, announced today that Gryphon Junior Capital has made an investment in North America Central School Bus (“NACSB” or the “Company”), a provider of student transportation services across North America, to support the Company’s growth initiatives. Additional terms of the transaction were not disclosed.

Founded in 2004 and headquartered in Joliet, Illinois, NACSB is a leading provider of home-to-school transportation for both general and special education students, as well as charter services for school districts. The Company operates a fleet of more than 5,700 vehicles and travels over 50 million miles annually, transporting students to and from school and extracurricular activities. NACSB employs more than 6,000 individuals, including a dedicated network of drivers and monitors focused on delivering safe, reliable service. The Company is majority-owned by H.I.G. Capital, a leading global private equity firm based in Miami, FL.

About Gryphon Junior Capital

Gryphon Junior Capital provides flexible junior capital financing solutions to private equity-owned, middle-market companies in industries and sectors in which Gryphon believes it has differentiated underwriting and investment capabilities. This focus enables Gryphon Junior Capital to move quickly and provide its private equity and lending partners with access to Gryphon’s insights, expertise, and expansive network of industry professionals, assisting with initial diligence and ongoing management of investments. Gryphon Junior Capital is committed to building strong partnerships and offers a broad range of creative financing solutions within its investment criteria.

About Gryphon Investors

Gryphon Investors is a leading middle-market private investment firm focused on profitably growing and competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, Software, and Technology Solutions & Services sectors. With more than $10 billion of assets under management, Gryphon prioritizes investments in which it can form strong partnerships with founders, owners, and executives to accelerate the building of leading companies and generate enduring value through its integrated deal and operations business model. Gryphon’s highly differentiated model integrates its well-proven Operations Resources Group, which is led by full-time, Gryphon senior operating executives with general management, human capital acquisition and development, treasury, finance, and accounting expertise. Gryphon’s three core investment strategies include its Flagship, Heritage, and Junior Capital strategies, each with dedicated funds of capital. The Flagship and Heritage strategies target equity investments of $50 million to $500 million per portfolio company. The Junior Capital strategy targets investments of $10 million to $25 million in junior securities of credit facilities, arranged by leading middle-market lenders, in both Gryphon-controlled companies, as well as in other private equity-backed companies operating in Gryphon’s targeted investment sectors.

Contacts

Zack Duloc – Managing Director (duloc@gryphoninvestors.com)

Nik Kumar – Senior Vice President (kumar@gryphoninvestors.com)