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

Alexander Dennis

Alexander Dennis

Vintage: September 2004

Sector: Transport

Location: Larbert

Type: Acquisition

Souter Role: Lead Investor

Souter Director: No

Status: Current

Alexander Dennis Limited (ADL) is the UK’s leading bus and coach manufacturer, employing around 2,000 people at facilities in the UK, continental Asia and North America. The fastest growing bus and coach builder in Western Europe, ADL has five locations in the UK (Larbert, Falkirk, Scarborough, Guildford and Skelmersdale) plus multiple manufacturing and build sites globally, including in North American and Asia Pacific.

ADL produces a wide range of innovative and fuel efficient, low floor single and double deck buses under the Alexander Dennis brand, plus a full portfolio of coaches, welfare and mini vehicles via its Plaxton business. The Company’s products offer real operator, passenger and environment benefits, all backed by a commitment to world class customer support.

The company’s products operate in towns and cities around the world including London, Hong Kong, New York City, Las Vegas, Ottawa, Toronto, Singapore, and Auckland. ADL buses carry over 3.5 million passengers per day in London alone.

Pioneers of both the low floor double deck and midibus concepts, ADL is the only bus manufacturer in the world with a range of single deck, two-axle and three-axle double deck hybrid buses and is the global market leader in the double deck market segment. Turnover has increased from £195m to more than £600m in the period since Souter Investments first invested


Souter Investments has provided consistent support and guidance over more than twelve years, allowing us to build a sustainable global business. In that time, we have made great progress, improving and extending our product range, increasing reliability and service capability, and evolving from a UK focussed business to being one of the fastest growing global bus and coach manufacturers.

Colin Robertson, CEO