The sale price is undisclosed, but involves Martin’s picking up 16 buses, 10 school runs and a depot located in Culcairn from Lodges.

Brothers Brad and Dallas Lodge will join Martin’s in management roles and their 15-plus drivers will also be offered jobs with the new owners.

Their parents, Brian and Jenny, founded the company with one bus in 1989.

“The timing was right for us for a few different reasons,” managing director Brad Lodge said.

“Mum and dad started with one bus out on a farm and we’re pretty proud that we’ve been able to build it up to 16 buses and the two depots.

“We’re very happy to see it go to another local family business in Martins.

“Everyone who works for us is going to be offered employment pretty much in the job they are doing now.”

The 10 school runs include those in the Culcairn, Walbundrie, Gerogery, Jindera, Burrumbuttock and Walla areas with the majority going into Albury.

They will be added to the 30 school runs Martin’s already have and charter and tour work Lodges have been doing will also roll over.

Martin’s, which began in 1931, has a fleet of 50 buses with its headquarters in Fallon Street.

Managing director David Martin said the acquisition of Lodges would “complement our business perfectly”.

Mr Martin’s mum Rosalie is in charge of the company’s travel and tours section and was inducted into the Albury-Wodonga business chamber Hall of Fame in 2014.

“Like any good company the staff is the most important asset and nobody will be losing their job,” he said.

“We’re also looking forward to working with the people Lodges have been servicing.

“It’s been a terrific family business and one that has been run very well over the years.

“They’ve school work and charter work which is basically everything we do as well.

“We do a lot of the same things.”

In addition to Albury schools, Lodges also service Billabong High School in Culcairn and St Paul’s College in Walla.

The Lodge brothers will retain their depot in Catherine Crescent, Lavington.