History
Islwyn Borough Transport was formed on the creation of the Borough of Islwyn in April 1974. The area had previously been part of West Monmouthshire. From 1926 it had been served by the West Monmouthshire Omnibus Board, which had been created by taking over some of the services and vehicles of three local operators. A depot in Blackwood High Street was used from 1926 to 1984, when a new depot in Pontllanfraith was opened. A second change in local government saw Islwyn become part of Caerphilly County Borough in 1996, and control of the company passed to Caerphilly County Borough Council.
In November 2009 it was announced that the borough council had agreed to sell the company to Stagecoach Group. The purchase cost was later revealed to be £2.65 million. The move attracted some criticism within the region, as no other potential buyers had been consulted: local bus operator Clayton Jones stated that he would have made a bid had the proposal been openly discussed. It was also noted that the council had lost around £15 million after the collapse of an Icelandic bank during the Late-2000s financial crisis earlier in the year. The council described claims that the two events were linked as a "wild accusation", noting that Stagecoach intended to retain all Islwyn staff members. The deal was concluded in early January 2010, with Islwyn's operations integrated with those of Stagecoach in South Wales.
Read more about this topic: Islwyn Borough Transport
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