The Miami Lakes company 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,” stated 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,” says Solombrino.
In addition to the acquisition of Worldwide Transportation, Dav El │ BostonCoach has acquired San Diego’s Torrey Pines Transportation and Chicago’s Metropolitan Limousine in recent months as they continue to build their fleet.
Terms of the acquisition are not being disclosed.
Source: Marcou Transportation Group press release
Keywords
BostonCoach Dav El Chauffeured Transportation Florida operators marcou mergers & acquisitions Scott Solombrino
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