This episode of the Insights Podcast features an interesting conversation with Mike Cassidy, the CEO of the Cassidy Group which owns Coach Atlantic, Maritime Bus and T3 Transit.
The Cassidy Group is the largest family-owned motorcoach company in Canada and has more than 250 pieces of equipment in its fleet of buses and more than 800 employees.
Coach Atlantic is a dominant player in the chartered bus sector in the region, while Maritime Bus provides regularly scheduled bus service on 14 routes to 40 communities across the three Maritime Provinces.
If you noticed any of Coach Atlantic or Maritime Buses, the fleet is virtually new, with most buses in their fleet being less than five years old.
This is part of the company’s strategies to manage capital efficiently.
To that end, in 2024, Cassidy committed to buying 100 buses from Prevost, the Quebec based bus manufacturer.
The cost of each bus today is $800,000. Cassidy also serves the cruise ship business in both Charlottetown and Halifax, has interests in agriculture through Van Kampen Nurseries and real estate development in Charlottetown.
His entrepreneurial story is very interesting as a Halifax born, Saint Mary’s graduate who began his career as a chartered accountant in PEI.
Enjoy!
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