FirstGroup plc is a British multi-national transport group, which is based in Aberdeen in the north-east of Scotland. The company operates transport services in the United Kingdom and the Republic of Ireland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History Origins FirstGroup originated from the deregulation of bus services in the United Kingdom in 1986, whereby private companies purchased nationalised and municipal bus operators. In September 1986 the Somerset based services of the Bristol Omnibus Company that were rebranded in 1985 as Badgerline were purchased in a management buyout. As Badgerline Group, it expanded through acquisition purchasing other formerly nationalised bus companies in England and Wales. In January 1989, Grampian Regional Transport, the bus operator in Aberdeen owned by Grampian Regional Council, was privatised in a management buyout led by its then general manager, Moir Lockhead. As GRT Bus Group, it expanded through acquisition purchasing six former nationalised bus companies in England and Scotland. In April 1995, FirstBus was formed through the merger of the Badgerline and GRT Bus Groups, with fleets in England, Wales and Scotland. The former King Street Barracks site in Aberdeen was selected as the headquarters. At the time of the merger, FirstBus had 5,600 buses, 4,000 of which came from Badgerline. Badgerline's Trevor Smallwood became chairman of FirstBus, while GRT head Moir Lockhead became deputy chairman and chief executive. Expansion FirstBus continued the policy of growth by acquisition acquiring former council owned operations and companies formerly owned by English, Welsh and Scottish nationalised operators. FirstBus went on to acquire larger urban metropolitan operators by taking advantage of the privatisation of the PTE bus operations and the privatisation of London bus services. FirstBus acquired GM Buses North in Manchester and Strathclyde Buses in Glasgow in 1996, Mainline in South Yorkshire and CentreWest in London in 1997, and Capital Citybus in London in 1998. The company was renamed FirstGroup in December 1997 after the company moved into railways in February 1996 with the privatisation of British Rail, through a 24.5% shareholding in Great Western Holdings that won the Great Western and North Western franchises, and a 100% shareholding in First Great Eastern that ran the Great Eastern franchise from January 1997. In March 1998, FirstGroup purchased the 75.5% shares in Great Western Holdings it did not already own and rebranded the franchises First Great Western and First