now under the leadership of its founder, Brian Souter, after the downturn cost the previous CEO of Stagecoach his job, announced that all of the taxicab operations and most of Coach USA's subsidiaries were for sale, as Stagecoach sought to focus mostly on operations in the northeast, where Coach USA today maintains subsidized transit operations and scheduled service. Retrenching, Stagecoach sold its companies in New England to Peter Pan Bus Lines. Companies in the Southwest, West, and Rocky Mountain regions were sold to KKR to form Coach America, and companies in the southeastern United States were sold to Lincolnshire Management, rebranded as American Coach Lines (which was merged with Coach America in 2006), all at heavy losses. The contract transit division (Progressive Transportation) was sold to competitor First Transit. As a result of the sale of most of Coach USA's operations, the company's headquarters were relocated from Texas to the Community Coach garage in Paramus, New Jersey. Eight of the sold companies would be reacquired when Coach America declared bankruptcy in 2012, along with Lakefront/Hopkins in Ohio, with the intent of expanding (and in the case of California, reintroducing) the Megabus brand. Coach USA's operations today consist primarily of scheduled services in the New York and Chicago metropolitan areas, with a number of charter operations near Pittsburgh and scheduled operations in the Southern Tier of New York and southern Wisconsin, along with its Megabus operations throughout the eastern and central United States. In December 2018 Stagecoach announced it had agreed to sell all of its North American operations to Variant Equity Advisors subsidiary Project Kenwood Acquisition with the deal concluded in April 2019. Coach USA closed Chicago Trolley & Double Decker Co. in 2019. Coach USA closed Lakefront Lines in Ohio and Butler Motor Transit and Central Cab in Pennsylvania in 2020, due to the pandemic. Operating companies Coach USA includes the following local operating companies: All West Coachlines (Sacramento, CA / Reno, NV) American Coach Lines of Atlanta/Megabus Southeast (Atlanta, GA) Coach Canada (Toronto, ON) Coach Erie (Erie, PA) Coach USA Airport Express (Waukesha, WI) Coach USA Elko (Elko, NV) Community Coach (Paramus, NJ) Country Road Tours (Clarksburg, WV) Dillon's Bus Service (Hanover, MD) Gad-About Tours (Pittsburgh, PA) Gray Line Montreal (Montreal, QC) Gray Line New York Sightseeing (New York, NY) Kerrville Bus Company/Megabus Southwest (San Antonio, TX) Lenzner Coach Lines (Sewickley, PA) Mountaineer Coach (Beaver, WV) Olympia Trails/Megabus