Operations

Growing Houston Limo Operation Buys Third Local Company

Posted on January 8, 2014

Page 1 of 2

Houston operators Renzo Ormsbee and Mike Turner closed a deal Jan. 1 that allows Turner to work as an elite senior chauffeur for Ormsbee's company, Elite Limousines of Houston.
 
Houston operators Renzo Ormsbee and Mike Turner closed a deal Jan. 1 that allows Turner to work as an elite senior chauffeur for Ormsbee's company, Elite Limousines of Houston. 

HOUSTON, Texas — The purchase of Quality Chauffeured Limousines by Elite Limousines of Houston enables their respective owner-operators to do what each likes best.

Elite’s Renzo Ormsbee gets to grow his company while Quality’s Mike Turner can pursue his first passion as an experienced senior chauffeur. The two operators closed the deal Jan. 1. Elite acquires two vehicles, the client list, phone numbers and other business non-tangibles as part of the straight-out purchase of Quality, a sole proprietorship. At the time of the deal, both companies each had a client mix of about 75-80% corporate, and the rest retail.

For Ormsbee, the purchase is his third in three years. He bought Lane Town Cars of Houston, along with its six vehicles, in mid-2011, and earlier bought the business books and lists of Hallmark Limousines of Houston in 2010.

Ormsbee now will run a company with 28 employees, including 22 chauffeurs, 19 chauffeured vehicles, and about $1.8 million in annual revenues. The Quality brand and website will be absorbed into Elite. After picking up a 2013 Lincoln Navigator and a 2008 DaBryan 5-door, 120-in. stretch limousine from Qualtiy, Elite’s all Lincoln/Ford fleet will consist of 11 sedans (including one MKT Town Car), four SUVs, and four stretch limousines.

Turner, who is a trained, licensed personal protection officer and avid shooter, will work full-time for Elite as a chauffeur, thereby retaining many of his clients. His expertise will enable the company to expand its personal protection services for chauffeured clients who request added security.

“He likes his job as a chauffeur and wanted to get out of the business end,” Ormsbee told LCT. “It was getting too much for him to do both.”

In a press release, Turner said: “I enjoy being a chauffeur, but handling the business side of things can sometimes affect my availability to service my clients’ needs, especially during peak periods. My wife practically demanded that I get this deal done before the upcoming rodeo season in February! I have known Renzo for some time and we have been discussing this deal for a year or so. I knew that Renzo and his team are the type of people that could service my clients professionally. By becoming part of the Elite team, I gain the depth and economy of scale that I need to provide better service to all of my friends/clients."

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

More News

What Judges Look For In OOY Award Entries

Read up on what some contenders have already submitted in their running to become an Operator of the Year.

Atlanta Operator Supports Strength In Numbers

Chad Casey knows industry involvement is a must when discovering new affiliates.

Chauffeur Retention Made Easy: Show You Care

WEB-X-CLUSIVE: The key to happy employees is understanding what they mean to you and your business.

California Operations Combine To Span Regions

Classique Limousines Worldwide in Orange County buys Showcase Limousines based in the Inland Empire.

Renault Purchases Tech Startup Karhoo

The taxi comparison app has found new life with the French carmaker.

See More News

Facebook Comments ()

Comments (1)

Post a Comment

Submit

Blogs

See More

See More

See More

See More

LCT Store

LCT Magazine - January 2017 $12.95 THE MONEY ISSUE COVER STORY: * Dashboard Helps Steer Company Finances * *



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