Street Talk

Pitcher Partners on board to shop major stake in Victorian bus group

Sarah Thompson, Kanika Sood and Emma Rapaport

Jul 30, 2025 – 7.36pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

The family behind one of Victoria’s largest privately owned bus operators, Dysons Group, is setting a course for expansion and has brought in Pitcher Partners to help it find a deep-pocketed capital partner.

The advisory firm has hit the road with a majority stake in Dysons, pitching its fleet of 600 buses and coaches as a stable, infrastructure-like opportunity with more than 90 per cent of its revenue contracted from government sources. The business has been operating for more than 70 years.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.