Driving Transactions
Thursday, July 18, 2024
Andy Boland CEO Addison Lee CEO Andy Boland

London— Addison Lee, Europe’s largest private hire car service company, recently acquired Flyte Tyme Worldwide Transportation and Flyte Line Transportation to create “the world’s leading executive car service.” The acquisition is intended to strengthen the Addison Lee Group’s established North American business—bringing combined North American annual revenue to in excess of $100m—and bolster its position as the leading provider of managed ground transport services globally.

“This is an important moment for the executive car industry,” said Addison Lee CEO Andy Boland. “Flyte Tyme has deep expertise and an extensive affiliate network in the United States. By combining Flyte Tyme’s North American presence with Tristar’s global operations and Addison Lee’s digital booking platforms, we can now truly lead the ground transportation industry providing, for the first time, global managed ground transportation services through a single platform.”

Addison Lee Group’s North American businesses will be run by Flyte Tyme Worldwide Transportation CEO Timothy P. Rose, who will serve as CEO of Addison Lee North America.

“We feel that Addison Lee and Flyte Tyme are a perfect match, since both firms strive to provide and deliver the highest quality ground transportation in their respective marketplaces,” said Rose. “Through this acquisition, we will be able to leverage our combined technology and client service capabilities to deliver a truly global service for our clients.”

The Flyte Tyme acquisition is the latest step in Addison Lee’s global growth strategy. Earlier in the year, Addison Lee, which is owned by US private equity firm The Carlyle Group, acquired executive car service Tristar Worldwide which operates in 80 countries across the globe. Addison Lee has also expanded its operations to cities around the UK which are now bookable on the Addison Lee app.

Visit addisonlee.com or flytetymelimo.com for more information.