History


2010
80th Anniversary


2004 to present

    
Heritage Logo (2005)
75th Anniversary


1996 to 2004

1986 to 1996

Flyer Industries
1971 to 1986


Western Flyer Coach
1945 to 1971





The Company was founded in 1930, as Western Auto and Truck Body Limited. In 1941 the company introduced the “Western Flyer” – the first coach with the engine inside the coach body, allowing for extra seating. By 1948, the company was renamed Western Flyer Coach, and, in 1953, introduced the very successful “Canuck” custom-built highway coach. Manufacturing expanded into urban transit buses leading to the opening of a new plant in Fort Garry in 1964. In 1971, the company name was changed to Flyer Industries Limited, which developed and sold the heavy-duty diesel transit bus models, D700, D800 & D900 as well as electric trolley versions of these models.

On July 15, 1986, Flyer Industries Limited was acquired by Jan Den Oudsten of Den Oudsten, B.V., Holland’s largest bus manufacturer. The company name was changed to New Flyer Industries Limited. The company developed and introduced the “low-floor” bus to the North American market. What began as a specialty product soon became the industry standard, with New Flyer as the leader in units sold and in revenue service miles.

Over the next 15 years, New Flyer established a solid reputation for innovation in design through the development of new products such as an articulated low-floor bus, hydrogen fuel cell powered buses, and new features such as programmable logic controlled electrical systems. In 1999, New Flyer introduced the Invero™, the first premium low-floor transit bus, incorporating automotive type styling, computer controlled electronics network and other never-before-offered features.

The company’s continued growth in the US and development of Buy America legislation led to the development of New Flyer of America in 1987 to operate a final assembly plant in California. Due to successful penetration into the Eastern U.S. market and for economy of operation, the final assembly plant was moved to Grand Forks, North Dakota in 1990. A total of 2,655 buses were final assembled at this plant. In March 1996 New Flyer of America closed its Grand Forks operation and relocated to a new completely updated final assembly facility in Crookston, Minnesota. Continued sales growth required the construction of a third assembly plant in St. Cloud, Minnesota, which opened in June of 1999. This state-of-the-art manufacturing facility was designed to build complete buses in addition to performing final assembly operations.

On March 18, 2002 KPS Special Situations Funds (“KPS”) completed a change-of-control transaction and recapitalization of New Flyer as part of a multi-stakeholder recapitalization and restructuring of the Company. On April 29, 2002John S. Marinucci was appointed as President and Chief Executive
Officer of New Flyer. Prior to joining New Flyer, Mr. Marinucci was President and Chief Operating Officer at National Steel Car Limited, a major North American manufacturer of freight cars.

Later in 2002, New Flyer secured an order to build North America’s first fleet of 218 articulated hybrid buses for King County Metro in Seattle, WA, establishing New Flyer as the leader in hybrid bus production. The buses were delivered in 2004. During this time, New Flyer partnered with San Bernardino County, CA to build the first gasoline-electric hybrid buses.

On February 27, 2004 Harvest Partners Inc., a New York based leading private equity firm specializing in middle market investments purchased New Flyer Industries Limited from KPS Special Situations Fund. Founded in 1981, Harvest Partners has approximately $1 billion of invested and committed capital under management. Lightyear Capital, LLC, a New York based private equity firm joined Harvest Partners Inc., as a co-investor.

In 2004, New Flyer delivered the world’s first hydrogen hybrid bus to Sun Line Transit in California. New Flyer also re-entered the electric trolley business with an order for 40-foot and 60-foot buses for Translink in the Greater Vancouver Transportation Authority.  These trolleys were delivered in 2005 and also represented the first production of the New Flyer Restyled front mask and rear cap.

On August 19, 2005, New Flyer announced the closing of an initial public offering in Canada of 20,000 Income Deposit Securities ("IDSs"), becoming a publicly-traded company on the Toronto Stock Exchange. In the same year, New Flyer became the first manufacturer in its category to acquire OHSAS 18001 certification and one of very few companies to amalgamate ISO9001 (Quality), ISO 14001 (Environment), and OHSAS 18001 (Safety) into one corporate-wide management system. This was also the first year New Flyer was named to the Canada Top 100 Employers list.

In 2006, the Company launched its new “Advanced Style – BRT”. This vehicle set a new standard for bus rapid transit vehicles with a more rail-like design and state-of-the-art features to improve the passenger experience and system efficiency.

BC Transit, in 2007, awarded New Flyer the contract to build the world’s first fleet of hydrogen fuel cell buses. The first of these buses was delivered in 2008 and the remainder were built in 2009. This fleet was highlighted at the 2010 Winter Olympics in Whistler, BC.

In 2008, New Flyer launched introduced Xcelsior®, the customer-centric evolution of the standard transit bus. Its many product improvements make Xcelsior® a “best-in-class” vehicle including a 10% weight reduction, upgraded styling, single-reduction axle, all wheel disc brakes and improved access to components, wider door and entry area, a lower front step and an improved ramp angle, improved ride quality, better visibility, interior LED lighting and many other interior advancements.

In January of 2009, Paul Soubry was appointed as President and Chief Executive Officer of New Flyer. Prior to joining New Flyer, Mr. Soubry served with StandardAero as President and CEO from 2007 to August of 2008, as President and COO from 2005 to 2007 and in other senior executive capacities from 1991 through 2005.

In April of 2010, New Flyer acquired the assets and business of TCB Industries, LLC (“TCB”) of Elkhart, Indiana. TCB is a designer and manufacturer of interior LED lighting systems, grab rails and seamless stanchions, drivers’ barriers and other miscellaneous bus parts.

In May of 2012, New Flyer announced a long-term joint venture with Alexander Dennis Limited as part of its strategy to pursue growth and diversification.  Alexander Dennis is the United Kingdom’s largest manufacturer of medium, heavy-duty and double-deck transit buses and coaches. The two companies will collaborate to introduce the MiDi®, North America's first mid-sized transit bus specifically developed and tested to a 10-year operational life.

In June of 2012, New Flyer unveiled its prototype all-electric 40-foot Xcelsior® heavy-duty transit bus. The prototype is based on New Flyer’s successful 40-foot Xcelsior® heavy-duty transit bus, North America’s most advanced bus platform available today.  The bus is equipped with an electric drive and is modified to carry advanced lithium ion batteries from MHI that are charged from the city’s electrical grid instead of by a conventional diesel engine.

In January of 2013, Marcopolo S.A. agreed to make a strategic investment of C$116 million to acquire 11,087,834  newly issued common shares, representing a 19.99% stake in New Flyer.

In March of 2013, New flyer acquired certain assets from Daimler Buses North America relating to its Orion aftermarket parts business for heavy-duty transit buses.

In June of 2013, New Flyer Announced the acquisition of North American Bus Industries, Inc. NABI was founded in 1992, and was known prior to October 1996 as American Ikarus. With bus manufacturing operations in Anniston, AL, a parts distribution center in Delaware, OH, and a service center in Jurupa Valley, CA, NABI is an innovative manufacturer of urban transit buses for U.S. customers. NABI also operates one of the transit industry’s most sophisticated aftermarket parts organizations, sourcing parts from over 200 different suppliers and providing support for transit buses throughout North America.