Wichita-based Village Charters has strengthened its place in the local charter-bus market with the purchase of competitor Prestige Bus Charters.
With the purchase, terms of which were not disclosed, Village will add 21 charter buses to its fleet of 47 and bring on another 50 employees.
Jeff Arensdorf, president and co-owner of Village, tells me that all of Prestige’s operations will be folded into Village, and the businesses will operate as one from Village’s headquarters at 8620 W. 21st.
Arensdorf bought Prestige from Rodney Steven, who also owns Genesis Health Clubs and is a part-owner of the Wichita Thunder hockey team.
Steven only recently became the owner of Prestige after the company had changed owners several times in recent years. He owned the company for about a month before Village bought it from him.
Steven owns two buses — one for the Thunder and one for Genesis — and was looking to get more into the charter bus business when he bought Prestige. He was already using Prestige to maintain his own buses.
Steven says he found that he was frequently renting buses for the Thunder and its junior hockey team, so he figured it would be more efficient to just own the company so all of the maintenance needs would be taken care of.
Steven says he was in the process of buying two more buses when the deal with Village started coming together.
Read the full article by Josh Heck via The Wichita Business Journal.