Complex sentence: Fareway Passenger Services Ltd was Merseyside's first major newcomer to bus operation, post-deregulation and was established by four former Merseyside Transport bus drivers who re-mortgaged their homes and used the redundancy payments they received prior to the formation of Merseybus in 1986.
Split into simpler sentences: Fareway Passenger Services Ltd was Merseyside's first major newcomer to bus operation in the post deregulation period. It was established by four former Merseyside Transport bus drivers who re-mortgaged their homes and used the redundancy payments they received prior to the formation of Merseybus in 1986.