Harrison Global Acquires North Carolina Limo Service

Posted on June 21, 2012

WALTHAM, Mass. — Harrison Global closed a deal May 23 to buy the assets of Thorpe, Inc, dba Thorpe's Luxury Limousine Service, a chauffeured sedan service based in Durham, N.C., the Tenney Group, a business brokerage, disclosed this week.

From the date The Tenney Group started working on the deal until the day of closing, the total transaction time took 93 days. The transaction marks the fifth deal Harrison Global has completed through The Tenney Group in the past 18 months.

The terms of the deal, size of the transaction, and projected annual revenues for Harrison Global were not disclosed. Eight vehicles were included in the asset purchase. Thorpe employees will transition over to become Harrison employees immediately. Thorpe will transition its name over to Harrison within a few months, and the website will remain in place temporarily as a bridge.

Owner Wayne Thorpe retained The Tenney Group in February 2012 to handle the sale. Thorpe is the original owner and has been operating his company for over 18 years. He hired The Tenney Group to help him transition to retirement to help him give them the ability to make the most of his investment in the transportation industry.

Derek Marcou, co-owner of Harrison Global, commented on the transaction in a statement: “Thorpe's Luxury Limousine Service is a well-run company with a long history of delivering excellent service to its customers. This transaction is an important strategic piece to our overall growth plans in the Raleigh/Durham market.”

Harrison Global was a finalist in the 51-plus vehicles category for the 2012 LCT Operator of the Year Awards. They are ranked No. 19 on the 2012 LCT 100 Largest Fleets List with 113 vehicles.

As part of the deal, Harrison Global also hired a top executive to help lead the company's continued expansion and business development plans in the Raleigh/Durham market. Brad Jackson, former general manager of Elite Coach, will now be Harrison Global's general manager for the company's Raleigh Durham operations.

Harrison's managing partners Russ Cooke and Bill Gemmell said in a joint statement: “The addition of Brad Jackson as GM is exactly what we needed to fully capitalize on the acquisition of Thorpe's Luxury Limousine Service and to tighten up our long term plans for the RDU market.”

On The Tenney Group's role as transaction advisor, Thorpe said, “The Tenney Group's industry transaction expertise, management of the deal process, and ability to construct a fair deal for everyone was critical to this transaction's success. I clearly made the right decision by hiring the industry specialist to sell my business.”

The Tenney Group, based in Arlington, Texas, is a national business brokerage that focuses exclusively on business sales, acquisitions, and business valuations in the transportation industry.

Harrison Global, a user of green and smart transportation initiatives, has more than 130 executive transportation vehicles in service and continues its business development and acquisition efforts across the eastern seaboard of the U.S. In addition to its Massachusetts headquarters and expanded Raleigh/Durham office, Harrison also has an office in the DC/Virginia market. Harrison provides service in 450 cities worldwide, and remains poised in a growth phase.
Information: Harrison Global, www.smartertransportation.com, (888) 487-8877; The Tenney Group, www.thetenneygroup.com, (877) 642.8033.

Source: The Tenney Group

View comments or post a comment on this story. (1 Comment)

More News

Uber Launches Internal Probe On Asia Bribery Allegations

The TNC sure has a lot of problems to deal with.

Tech Isn’t The Only Key To Growth

eNews WebXclusive: Terry Murtaugh insists while technology may make a business run more efficiently, personalized customer service must never fall by the wayside.

How Superficiality Destroys The Customer Service Experience

Don't just say you really care about your clients...show it.

MTA Bus, Charter Bus Collide In Queens

All victims were quickly taken off the buses, with the exception of one of the drivers who was pinned and needed to be extricated.

Grand Avenue Partners With Nashville Companies For Hurricane Relief

The businesses are working through the Austin Disaster Recovery Network to gather much-needed supplies.

See More News

Facebook Comments ()

Comments (1)

Post a Comment



See More

LCT Store

LCT Magazine - September 2017 $12.95 MOTORCOACH / BUS ISSUE COVER STORY: * Irizar Racks Up A Good Rookie Year * *


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



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