Strategic Transaction Marks First U.S. Expansion for Leading Canadian Student Transportation Operator

BURLINGTON, ON — August 5, 2026 — Switzer-CARTY Transportation Services Inc. (“Switzer-CARTY”), a premier provider of home-to-school student transportation and charter services in Canada, announced today that it has entered into a definitive agreement to acquire Agnes Corporation and its group of operating subsidiaries (collectively, “Agnes Corporation”).

The proposed transaction represents Switzer-CARTY’s first cross-border expansion into the United States market, marking a key milestone in the company’s ongoing geographic diversification strategy. The transaction remains subject to customary regulatory approvals, and the status of the proposed acquisition remains pending before the U.S. Surface Transportation Board (STB) and has yet to be finalized.

Founded in 1968 by W.E. Regan, Agnes Corporation is a respected, family-controlled student transportation operator headquartered in Owatonna, Minnesota. Across its 58-year history, the company has established a prominent operational footprint across eight locations in southern Minnesota and one location in northern Iowa. The company manages a fleet of approximately 350 vehicles, including school buses, shuttle buses, and motorcoaches, serving nine school district contract regions.

“Agnes Corporation shares our foundational commitment to safety, operational excellence, and a deep respect for drivers, staff, and school district partners,” said Dan Maradin, CEO of Switzer-CARTY Transportation. “Bringing our two organizations together allows us to combine decades of deep industry experience while maintaining the high standards and strong community trust that both companies have built.”

Upon regulatory approval, the transaction will establish a strong operational foundation for Switzer-CARTY in the United States, opening doors for further expansion into adjacent markets.

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About Switzer-CARTY Transportation

Founded in 2011 by industry veterans Jim Switzer and Doug Carty, Switzer-CARTY Transportation provides home-to-school student transportation and charter services across Ontario. The company is recognised for its commitment to safety, reliability, and respectful treatment of employees and partners.

In 2021, Switzer-CARTY expanded its ownership structure to include Terramont Infrastructure Partners, Manulife Investment Management, and Siemens Financial Services, enabling further growth, innovation, and strategic expansion. To learn more, visit www.switzer-carty.com.

Media Contact
Reid Oyster, Vice President of Business Development, U.S. Operations
Switzer-CARTY Transportation Services Inc.
Re*********@***********ty.com | 816-799-3511