Worldwide Transportation was founded in 2001 and provides transportation services to an array of corporate and event clients. It has a fleet of over 70 vehicles and provides service nationwide in 25 metropolitan areas and serves more than 500 destinations worldwide. The acquisition is the culmination of the company’s successful strategy to eliminate debt and strengthen liquidity while continuing to provide high-quality chauffeured transportation services to its thousands of clients.
“Dav El Miami has negotiated with Worldwide over the last few months to execute a financing transaction, ultimately leading to this acquisition pursuant to Section 363 of the bankruptcy code,” said Scott Solombrino, president and CEO of Dav El | BostonCoach. “We believe the company is an industry leader with an incredibly bright future, and we are eager to work with the management and employees to continue to build the business. We expect to become the largest chauffeur transportation company in South Florida.”
In addition to the acquisition of Worldwide Transportation, Dav El │ BostonCoach acquired San Diego’s Torrey Pines Transportation and Chicago’s Metropolitan Limousine in recent months.
In other news, Marcou Transportation Group has agreed to sell its Harrison Global dba BostonCoach in the Raleigh-Durham market to longtime partner, Academy Bus.
Academy Bus began operating in the Raleigh-Durham market over a year ago with a fleet of 30 full-size motorcoaches.
“After a 40-year relationship with Academy Bus, we felt that a sale of these assets to our longtime partner was in the best interests of our Raleigh client base,” said Solombrino. “Our goal is to build a deeper customer base in larger markets across the globe. Having Academy already in the market created a rare opportunity for a strategic shift of our resources.”
“We are excited to be a strategic partner of our longtime business associates at Dav El | BostonCoach,” said Francis Tedesco, CEO of Academy Bus. “Academy Bus is thrilled to expand our service in the Raleigh-Durham market. We have been in the market for over a year now and seen tremendous demand in a short amount of time. We look forward to providing our clients with the highest level of customer service they have become accustom to for years to come.”
Terms of the deals are not being disclosed.
Visit bostoncoach.com for more information.
Marcou Acquires Miami’s Worldwide, Sells Harrison Global
- Category: Industry News