Stephensons of Essex has expanded its operations with the acquisition of NIBS Buses, based in Wickford, and will maintain its separate identity.
NIBS operates around 30 vehicles on a mixture of commercial and tendered local bus and school services with a turnover of over £2.5million. It was established in 1968 by Chris and Bill Nelson — the initials stand for Nelson Independent Bus Service — and was purchased by Stephensons’ parent company Eastern Transport Holdings from current owners and directors Steve and Janet Nelson. Stephensons was judged Top Independent Operator in the 2017 UK Bus Awards.
Stephensons managing director Bill Hiron says: “NIBS is a well-run and well-respected family business with a loyal team of staff, and shares a similar vision and values to our own. The purchase gives us a presence in an area largely outside our current sphere of operation, and has an experienced and enthusiastic management and staff team. I am delighted to welcome NIBS to the family, and it will be very much business as usual for NIBS.”
The familiar NIBS identity and red and yellow buses will remain and there will be no immediate changes to NIBS routes, times or fares.
Steve Nelson says: “While the company is made up of its routes, its vehicles and other assets, its staff are, by far and away, the most valuable part of the company. We have had a very low turnover of staff and I would like to thank them and acknowledge their contribution, professionalism, sense of teamwork and friendly service to the public over the last 50 years. I wish them all the very best as they move forward together in what has been a consistently profitable and successful enterprise.”
Picture shows Steve Nelson and Bill Hiron shaking hands on the deal.