Revenue:Industry analysts estimate Illinois Central annual revenue at about $100 million. Illinois Central is a privately owned business and not required to disclose its financial information.
Size:Illinois Central is the fifth-largest private school bus company in the U.S. It is also the fastest growing school bus business in the nation.
Buses:The company operates 3,400 school buses, vans and other student transportation vehicles.
Districts:The company services more than 200 school districts
Union Membership:The Teamsters have over 1,400 members at Illinois Central.
Ownership:In 2010, The Carlyle Group acquired Illinois Central, as part of their $1.15 billion “public-benefit, essential service” infrastructure fund. Since The Carlyle Group’s acquisition of Illinois Central, the company has created four subsidiary companies in neighboring states.
Management:On January 1, 2013, Steve Hemmerlein joined the company as the new Chief Executive Officer. Hemmerlein has 20 years of experience in the industry, most recently at First Student as senior vice president, where he was responsible for the Midwest and South regions.