[1] AATS started in 2014 as a consortium that included Catalyst Direct Capital Management and OPTrust Private Markets Group to purchase SkyBus.

[4] AATS purchased Transit Australia Group (TAG) in April 2019, including bus companies Sunbus and Surfside Buslines.

[12][13] In March 2020, it was announced that Kinetic would buy GoBus with 1,700 buses, subject to approval by the New Zealand Overseas Investment Office.

[23] Following OPTrust's 2019 announcement of seeking a co-investor, Infrastructure Capital Group acquired a 49% shareholding in Kinetic in October 2021.

[37][38][39][40] In late 2024, Kinetic announced that it would shut down its Sydney charter operation as it "wasn't sustainable", attributing to a significant 50% rental increase of the depot in Turella.

With the rebranding of several former subsidiaries in 2022, Kinetic operates an extensive commuter transport service throughout the state in the following regions:[44] Through its 51% shareholding in Go-Ahead Group, Kinetic also operates buses in the United Kingdom, Singapore and Ireland, and railway services in the United Kingdom, Norway and Germany.