GRT Group
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 | |
| Founded | January 1989 |
|---|---|
| Ceased operation | June 1995 |
| Headquarters | Aberdeen |
| Service area | England Scotland |
| Service type | Bus operator |
| Fleet | 1,600 (June 1995) |
| Operator | Grampian Regional Transport Midland Scottish Northampton Transport Leicester CityBus Eastern Counties Scottish Motor Group Lowland Scottish |
| Chief executive | Moir Lockhead |
GRT Group was a bus operating company in the United Kingdom from 1989 until 1995. It was formed when Grampian Regional Transport (GRT) was privatised. It went on to purchase a number of bus companies in England and Scotland. In April 1994, GRT Group was listed on the stock exchange, and in June 1995 merged with Badgerline to form FirstBus.
The GRT Group[1] was formed as a holding company to purchase Grampian Regional Transport, the city bus operator in Aberdeen, Scotland, in a management buyout. Motivation for the buyout was the 1988 announcement that the Scottish Bus Group was to be privatised, sparking fears that GRT could be acquired by a larger group and asset stripped.[2]
The buyout was achieved on 20 January 1989.[3] General Manager Moir Lockhead, together with four other managers, took a 51% stake in the new company, with employees holding 33%, and Aberdeen Asset Management and 3i the remaining 16%.[2][4] At the time GRT had a fleet of 200 buses and 500 employees.[5]
GRT Group went on to purchase other bus operators in England and Scotland. In April 1994, it was listed on the Stock Exchange.[6] In June 1995, GRT Group merged with Badgerline to form FirstBus.[6][7][8] GRT Group contributed 1,600 buses to the new company's fleet of 5,600.[2]
