Wednesday, February 21, 2024

Winston-Salem, N.C. — Black Tie Transportation has purchased the assets of Raleigh-based Blue Diamond Worldwide Transportation, a chauffeured limousine and sedan service founded by Carrie Peele. The sale was facilitated by The Tenney Group, a 40-year-old firm specializing in sales, acquisitions, and valuations of transportation businesses across the U.S.

Gray Hill, owner of 25-year-old Black Tie Transportation, had been looking to expand bus business and approached The Tenney Group about available opportunities. “Communication between all the parties involved was critical for me in this purchase,” he says. “The Tenney Group worked hard and met my expectation. I think it is a great company and would recommend it to anyone who is looking to buy or sell a transportation company.”

Blue Diamond Worldwide was founded in 1990 with $15,000 and one midnight blue limousine. Over the last 24 years, Peele turned that small beginning into the largest woman-owned limousine company in North and South Carolina.  Because of her outstanding dedication and perseverance, she was able to solidify contracts with large corporations, international clientele, and state agencies throughout the county. The purchase provided Gray with a fleet consisting of 12 small to midsize luxury vehicles.

“Carrie is a well-recognized business leader in the Raleigh-Durham area and throughout the chauffeured transportation industry,” says Charles Tenney, managing partner of The Tenney Group. “It has been a privilege to help her. Early on, Gray saw the potential synergies; he is a natural fit for Blue Diamond Worldwide, and this is a great deal for everyone involved.”

Visit www.blacktietransportation.net for more information about the merger.