The Board of Airport Commissioners on Monday approved $8.5 million worth of contracts with Coach America Los Angeles to oversee operations of two FlyAway bus routes out of Los Angeles International Airport.

Fenway Partners, a leading middle market private equity firm, today announced that it has entered into a definitive agreement to acquire Coach America, the largest tour and charter bus operator and the second largest motorcoach services provider in the U.S., from Kohlberg & Company.