NFI Group Inc., previously New Flyer Industries Inc., is a manufacturer of transit buses and motorcoaches, based in Winnipeg, Manitoba, Canada. The company is the largest bus manufacturer in North America, with a 43% market share of all heavy-duty transit buses and a 45% market share of all motorcoaches produced in 2018. The company employs 9,300 across 50 facilities in the United States and Canada. NFI Group owns Alexander Dennis, ARBOC Specialty Vehicles, Motor Coach Industries, New Flyer, Plaxton, NFI Parts, and Carfair Composites. The company is listed on the Toronto Stock Exchange under the symbol NFI, and is a constituent of the S&P/TSX Composite Index.
In October 2008, NFI Group. was named one of Canada's Top 100 Employers, which was announced in The Globe and Mail newspaper, and the company was featured in Maclean's newsmagazine. Later that month, New Flyer was also named one of Manitoba's Top Employers, which was announced by the Winnipeg Free Press newspaper.
The company converted to a corporate structure from a trust-like structure in October 2011.
As competing manufacturer Daimler exited the North American market in 2013, New Flyer purchased the aftermarket parts business for its Orion brand of heavy-duty transit buses for $29 million. Under the agreement, New Flyer acquired the Orion parts inventory, the company's accounts, license to use proprietary part designs and agreed to provide parts for customer warranty support.
On June 21, 2013, New Flyer agreed to acquire competing heavy-duty transit bus manufacturer, North American Bus Industries (NABI). Upon completion of NABI's outstanding orders, New Flyer converted the former NABI factory in Anniston, AL into a fourth facility to produce the Xcelsior heavy-duty transit bus. On November 10, 2015, New Flyer agreed to acquire motorcoach manufacturer Motor Coach Industries from KPS Capital Partners for US$459 million, with the deal closing on December 18, 2015.
On September 22, 2016, Marcopolo S.A. reduced its stake in New Flyer to 10.8%, although it remains the largest individual shareholder. On December 1, 2017, New Flyer acquired Middlebury, Indiana based small cutaway and medium duty bus manufacturer ARBOC Specialty Vehicles for US$95 million.
The company owns several subsidaries/brands that produce various kinds of buses:
- Alexander Dennis – Heavy-duty transit buses, double-deck transit buses and motorcoaches
- ARBOC Specialty Vehicles – Medium-duty transit buses and cutaway buses
- Motor Coach Industries – Motorcoaches
- New Flyer – Heavy-duty transit buses
- Plaxton – Motorcoaches for the European market
The company also owns a few companies that produce parts for buses:
- NFI Parts - Aftermarket bus parts company
- Carfair Composites - fiberglass components supplier
New Flyer operates five facilities where new transit buses are manufactured.
Of these facilities, the Winnipeg, St Cloud, and Anniston facilities have full production capability. The Crookston, MN and Pembina, ND facilities performs final assembly on buses from shells that are shipped from Winnipeg.
Specialty bus manufacturing
Parts distribution centers
New Flyer operates five facilities that distribute parts to customers. Some of these parts are built by New Flyer and some are OEM parts, built by other companies. The centers are geographically spread out to offer ground delivery service within two-days to all of the US and Canada. These facilities also provide parts for both Orion and NABI buses, after New Flyer purchased NABI and acquired the Orion parts business from Daimler in 2013.
Bus component fabrication
New Flyer operates facilities that fabricate the components used to build buses. TCB Industries is a wholly owned subsidiary that makes components for both New Flyer and other manufacturers.
New Flyer service centers are typically located in regions with the company's biggest customers. For these customers, New Flyer performs final assembly, pre-delivery inspection, acceptance, and training services for new buses. The Arnprior center also offers maintenance services for any make and model, including mid-life overhauls and collision repair.
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- "Archived copy". Archived from the original on 2013-06-26. Retrieved 2013-06-30.CS1 maint: archived copy as title (link)
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- "TCB Enterprises". www.tcbind.com. Retrieved 2016-09-18.
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