Operations

RMA Purchases Baltimore Company

Posted on February 10, 2004 by LCT Staff - Also by this author - About the author

ROCKVILLE, Md. – RMA Worldwide Chauffeured Transportation here has acquired Baltimore-based Private Car to become the region’s largest luxury transportation provider.

By adding Private Car’s Baltimore location to the RMA’s Rockville headquarters, RMA will have a fleet of more than 100 vehicles to serve clients from Northern Virginia to Baltimore and beyond.

The RMA brand name was expected to be fully integrated throughout the merged company in 2004.

The Private Car acquisition and the creation of a worldwide affiliate network in 2001 are the focal points of RMA’s aggressive growth strategy. RMA Worldwide is now estimated to be one of the nation’s Top 25 chauffeured Fleets with 2004 revenues expected to exceed $10 million.

Robert Alexander, RMA founder and president, said he believes the acquisition will benefit both clients and the combined workforce of RMA and Private Car.

“We believe this acquisition will energize and challenge our staff,” Alexander said. By taking over Private Car’s base at Baltimore-Washington Airport, Alexander said RMA will be able to better serve the Baltimore area and will be able to provide vehicles on shorter notice for it’s corporate client base.

Alexander said he believes the key to RMA’s growth has been a concerted effort to attract top-line talent.

“My staff is elated with the challenges brought on by this acquisition. We realized that the greatest asset that RMA has is talent,” he said. “You can add $3 million in revenues overnight only if you have top-quality people in place to make it happen. We feel very fortunate.”

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