Souter Investments
is one of the UK’s leading family investment offices specialising in private equity

Howick & Eastern

Howick & Eastern

Vintage: September 2008

Sector: Transport

Location: Auckland, New Zealand

Type: Acquisition

Souter Role: Lead Investor, Majority Stake

Souter Director: No

Status: Current

Howick & Eastern Buses is an urban, commuter, school and charter bus operator based in East Auckland, New Zealand. Part of Souter Investment’s InMotion Group, Howick & Eastern operates a modern and high quality fleet of over 170 buses serving over 6 million passengers per annum.

The company was acquired from the Dalbeth family in 2008, and the family connection at Howick and Eastern has remained strong with Bill Dalbeth remaining in position as CEO until recently, when he transitioned to holding multiple board roles across the wider InMotion Group.

Since acquisition, Howick and Eastern has grown significantly as the company benefited from investment in modernising and growing its fleet and services, including introducing double deck buses on key, high frequency commuter corridors.

Located in the fastest growing suburbs and conurbations in Auckland, Howick and Eastern is well placed to capitalise on its strategic position and grow its business further.

w: www.howbus.co.nz