National Express as a coach operator in Great Britain is a subsidiary of the British multinational public transport company Mobico Group (formerly known as National Express Group). However, National Express School, the school bus division in North America, was sold by Mobico Group to an infrastructure investment firm called I Squared Capital in 2025, which now owns the school transport business including brands like Durham School Services, Petermann Bus, and Stock Transportation.
In summary:
- National Express Coaches in the UK is owned by Mobico Group.
- National Express School bus division in North America is owned by I Squared Capital following a 2025 acquisition.
This distinction is important depending on the specific part of National Express being referred to.
