Operations

Owner Of N.C. Limo Companies Embraces Growth

Posted on December 3, 2014 by - Also by this author - About the author

Page 1 of 2

GREENSBORO, N.C. — Black Tie Transportation’s acquisition of Blue Diamond Worldwide Transportation on Sept. 16 puts the companies into a new phase of expansion as they widen their client base in a growing state economy.

Black Tie Transportation, based in Greensboro, and Blue Diamond, a chauffeured limousine and sedan service owned by operator Carrie Peele based in Raleigh, each have about 25 years of experience in providing chauffeured transportation.

“This is starting to be very positive with all the offices working well together,” Black Tie owner Gray Hill told LCT a few months after the deal closed. “The growth in North Carolina matches my vision on how to grow the companies. These are great markets.”

Gray Hill, owner of Black Tie Transportation of Greensboro, N.C., which acquired Blue Diamond Worldwide Transportation of Raleigh, N.C., on Sept. 16.
Gray Hill, owner of Black Tie Transportation of Greensboro, N.C., which acquired Blue Diamond Worldwide Transportation of Raleigh, N.C., on Sept. 16.
Black Tie specializes in airport, event and wedding transportation services along with guided tours to wineries, historical sites and cities. Before the acquisition, its fleet consisted of eight sedans, two SUVs, two vans, two limousines, four mini-buses and three motorcoaches, for a total of 21 vehicles. Black Tie’s business divides about 80% corporate and 20% retail.

Black Tie is now the holding company for both brands, which will be marketed and maintained separately. Hill also operates Black Tie Charters in Winston-Salem, which has 17 motorcoaches.
 
Although terms of the deal were not disclosed, the purchase of Blue Diamond provides Black Tie with additional revenues in excess of $1 million and 12 small to mid-size luxury fleet vehicles. Altogether, the Black Tie transportation group brings in about $8 million in annual revenues and has about 100 employees, Hill told LCT.

The combined operations will run about 60 vehicles, including new and pending purchases, to mostly serve two major metro regions in North Carolina: The Raleigh-Durham-Chapel Hill Research Triangle, and the Triad Region consisting of Winston-Salem, Greensboro and High Point. Black Tie also focuses business in the golfing resort town of Pinehurst and North Carolina’s largest coastal city, Wilmington.

“I’m keeping Blue Diamond name because it’s 25 years old,” Hill told LCT. “I’m celebrating 25 years, so we have a combined 50 years of experience.”

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

More News

PAX Training Launches App For Chauffeurs

The global provider now enables each user to access educational and company info via iOS or Android devices at any time.

Go Riteway Celebrates 60 Years In Bus Business

The Wisconsin company started with just four school buses and now has 1,000 vehicles serving several ground transportation sectors.

Colorado Operator Buys Affiliate To Widen Service Region

eNews Exclusive: B-Line Express in Vail will now cover even more ground in the retail-heavy state.

Why Uber Can't Be Fixed And Must Be Shut Down

Analysis: The TNC's lower costs brought lower prices, with resulting popularity and growth. But its use of noncommercial cars was unlawful from the start.

Empire CLS Featured In Meetings + Events Magazine

The article describes the chauffeured transportation provider's newest additions to its fleet: 56-passenger motorcoaches.

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