Transaction completes first U.S. expansion for leading Canadian student transportation operator following U.S. Surface Transportation Board approval.

BURLINGTON, ON — October 22, 2026 — Switzer-CARTY Transportation Services Inc. (“Switzer-CARTY”) announced today that it has officially completed its acquisition of Minnesota-based Agnes Corporation and its group of operating subsidiaries (collectively, “Agnes Corporation”).

The completion follows the receipt of all necessary regulatory approvals, including final authorization from the U.S. Surface Transportation Board (STB). The transaction marks Switzer-CARTY’s official entry into the U.S. market, expanding its footprint across nine school district contract regions in southern Minnesota and northern Iowa.

“We are thrilled to officially welcome the Agnes Corporation team to the Switzer-CARTY family,” said Dan Maradin, CEO of Switzer-CARTY Transportation. “With regulatory approvals now complete, we look forward to supporting local operations while leveraging our shared focus on safety, operational excellence, and employee care to build a strong platform for growth in the U.S.”

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 North America. The company is recognized 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 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