Operations

Carey Acquires American Limousine

Posted on October 1, 1998 by LCT Staff

George Jacobs, president of American Limousine in Burr Ridge, IL, recently sold his company to Carey International.
George Jacobs, president of American Limousine in Burr Ridge, IL, recently sold his company to Carey International.

Carey International has announced the acquisition of American Limousine, owned by George Jacobs in Burr Ridge, IL.

Carey, the world’s largest provider of chauffeured transportation, has continued its aggressive growth pattern by acquiring the nation’s largest single city limousine service provider. American Limousine reported 1997 sales of approximately $20 million.

The company’s 1997 total of 291 vehicles ranked it third in the nation behind only Carey New York and Bell Transportation of Las Vegas, according to LCTs annual “Top 50” listing.

Upon completion of the American Limousine acquisition, Carey International will have annualized revenues of approximately $150 million Carey has acquired companies in the current fiscal year with revenues of more than $38 million.

Jacobs was LCT Operator of the Year in 1996 (large category). He was also recognized as one of the 10 most significant figures in the industry in both 1993 and 1998.

Jacobs is a six-time president of the National Limousine Association (NLA) His decade-long dispute with the Internal Revenue Service resulted in a victory for American Limousine and the establishment of clear guidelines for limousine companies to establish independent contractor arrangements with their chauffeurs. Carey has announced that Jacobs will spearhead the expansion of operations in the Chicago area, as well as direct efforts in other markets.

“American Limousine is a strategic acquisition for Carey,” says Vince Wolfington, chairman and CEO of Carey. “We have acquired an established brand name and a recognized leader in the industry. With George on our team and American as part of our family of companies, we believe that the prospects for continued growth are significantly enhanced, both in Chicago and around the world.”

“We view this transaction as a win-win for all parties,” says Jacobs, “it’s great for our customers, employees, and the limousine industry. Carey is assembling top players so the company can field the best chauffeur-driven service team in the world. We are excited to be working with this great organization.”

View comments or post a comment on this story. (0 Comments)

More News

Party Bus Pot Tours Try To Reckon With Smoking Ban

If you can drink wine on a wine tour bus...Las Vegas operators want to allow onboard cannabis consumption.

Uber Takes Biggest Bite Out Of Taxi, Rental Car Industries

Money spent on rental cars and taxis each fell by 2% to 29% and 8%, respectively.

Sick Day? Vacation Day? With PTO, It Doesn't Matter

Robert Gaskill of Motev in Los Angeles explains how his company deals with employees who need time off.

Uber Tries To Stop Driver Exodus By Treating Them Better

The TNC admits the way it handles drivers is an "existential threat" to its $70 billion business.

Charter Bus Booked Solid For Total Eclipse

The city of Washington, Missouri is making a three-day event of the solar phenomenon, with events starting Aug. 19.

 

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blog

See More

LCT Store

LCT Magazine - July 2017 $12.95 COVER STORY: * Why These Titans Work So Hard to Give it Away * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close