BOSTON, October 6, 2026 — Seacoast Capital (“Seacoast”), a lower-middle market non-control growth capital investor, announced today its recent investment in Bus Services, Inc. (“BSI” or the “Company”), in support of a recapitalization and strategic acquisition that expanded both the Company’s footprint and capabilities, while also vertically integrating operations. Seacoast provided a combination of subordinated debt and preferred equity in support of the transaction.

BSI, headquartered in Columbus, Ohio, is a nationwide value-added reseller and service provider of Americans with Disabilities Act (“ADA”) buses, vans, and mobility vehicles. The Company is majority owned by Timmerman Capital, a Columbus, Ohio-based investment firm with committed capital to acquire and grow privately-held companies.

Josh Whitt, CEO of BSI, commented “We are excited to have partnered with a firm that shares our vision for the future of BSI, and most importantly, a partner that shares our passion and drive to deliver best-in-class solutions to our customers. In Seacoast we believe we have found a firm that can not only assist us with our capital needs, but also with strategic advice as we execute on our plans.”

Alan Rich, a Partner at Seacoast, added “We are excited to partner with the BSI management team as they continue to build a leading platform in the ADA mobility vehicle market”, further noting “We believe systemic tailwinds, including the ageing of the U.S. population, as well as a shift in preferences towards smaller, more economical ADA mobility vans, provide BSI with opportunity to drive substantial growth. This acquisition meaningfully expands BSI’s geographic reach, while also enhancing its integrated service offering. We look forward to supporting the team’s continued growth.”

Terms of the transaction were not disclosed.

About BSI

Founded in 1979 and headquartered in Columbus, Ohio, BSI operates as a nationwide value-added reseller and service provider of ADA buses, vans, and mobility vehicles. BSI differentiates itself through high-touch, consultative end-to-end solutions spanning vehicle sales, parts and repairs, and financing solutions, among other services. For more information, please visit https://www.buyabus.net/.

About Seacoast Capital

Founded in 1994, with offices in Boston, MA and San Francisco, CA, Seacoast Capital invests non-controlling capital in partnership with management in lower middle market private companies. Seacoast is industry agnostic and typically invests $5 million to $30 million of capital in companies with $10 million or more in revenue and $2 million or more of EBITDA. Capital is used to support growth, refinancings, acquisitions, family ownership and wealth transfers, shareholder liquidity events, and partnership or management buyouts. Geographically, Seacoast invests anywhere in the United States. Since its inception, Seacoast has managed over $1B of capital, which the firm has invested in 90+ transactions. Now managing its fifth fund, Seacoast continues to actively seek new investment opportunities. Learn more by visiting www.seacoastcapital.com.