BUYING & SELLING: East Coast Transportation of North Florida just bought Executive Transportation & Tours, LLC of Jacksonville, a competitor that brought in $1.5 million in 2008 revenue. LCT has been hearing about and covering M&A transactions lately (including Sterling Rose Limousine in Temecula, Calif., buying other operations). Charles Tenney & Associates has been staying busy putting M&A deals together around the country, according to Tenney. As revenue drops dramatically and debts increase, operators generally have to make such deals to avoid going out of business. And sometimes they're done working 24-7 and appreciate the opportunity to become part of a competitor's organization. We expect to hear more stories like this one throughout the year. -- J.L.
Don't let your guests down. Here are some things to think about before the event starts.
ISSUE PREVIEW: What does he think? What did she really say? Are you channeling your customers? In the October 2012 issue of LCT Magazine, you’ll get a complete primer on how to read and please your
With no need for people to operate vehicles, how can limo companies adapt to the new world of transportation?
It has never before been easier for businesses to share information, insight and intimacy with consumers; it has also never been easier to offend them. Read more to learn how to avoid a social media faux pas.
On my trip to Chicago last week for the 2012 BusCon Expo, I had the pleasure of experiencing a new ride — the 2013 MKT Town Car.