Blue Bird Corporation announced the closing of the second and final tranche of the acquisition by an affiliate of American Securities LLC from The Traxis Group B.V. of a total of 12 million shares of Blue Bird common stock. Each closing was subject to certain conditions precedent, including changes to the composition of the Board of Directors. Dev Kapadia and Dennis Donovan have resigned as Directors of Blue Bird. Chan Galbato has resigned as Chairman of Blue Bird, but will stay on as Director at the request of American Securities.