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LCT Summit Will Host All-Star Panel On Industry Consolidation

Martin Romjue
Posted on March 26, 2014
Picture limousine operators attending the LCT Leadership Summit crammed around this Eden Roc Hotel central bar, talking about serious industry issues and gossiping with abandon.

Picture limousine operators attending the LCT Leadership Summit crammed around this Eden Roc Hotel central bar, talking about serious industry issues and gossiping with abandon.

Picture limousine operators attending the LCT Leadership Summit crammed around this Eden Roc Hotel central bar, talking about serious industry issues and gossiping with abandon.
Picture limousine operators attending the LCT Leadership Summit crammed around this Eden Roc Hotel central bar, talking about serious industry issues and gossiping with abandon.

Three big industry names attending the 2014 LCT Leadership Summit in Miami Beach will explain the coming surge in mergers and acquisitions expected to sweep the chauffeured transportation industry, as it grapples with new technologies and competitive forces.

LCT Magazine this week lined up three experienced industry CEOs and industry leaders for the panel: Vince Wolfington, former CEO of Carey International, the largest chauffeured transportation network in the world; Scott Solombrino, former owner of Dav El Chauffeured Transportation Network and the newly appointed CEO of BostonCoach and Dav El, now owned by Marcou Transportation Group, and a longtime NLA board director; and Ron Sorci, the CFO of Aventura Worldwide, the largest chauffeured transportation company in South Florida, and a former NLA President.

The panel will convene on Tuesday, May 20 from 10 a.m. to 11:30 a.m. at the Eden Roc Hotel on the Miami Beach oceanfront, site of the 2014 LCT Leadership Summit that runs from May 18-20. The executive conference is a think-tank/recreational retreat that combines a mix of deep discussions of industry trends, focused business networking, and social and recreational activities in a luxury resort setting.

LCT related article: LCT Leadership Summit Takes Off

The high-profile panel will provide insights that can help limousine operators of all fleet sizes determine the long-term business outlook for the industry and its extensive affiliate networks.

Below are professional summaries of the three panelists, who will pack a powerful punch when seated before an audience:

Vince Wolfington: Founder, Global Ambassador Concierge (Former Chairman of the Board and CEO, Carey International, Inc.)

It was Wolfington's ingenuity that made Carey, founded in New York in the 1920s, the first limousine company to go public in 1997. With the power of Wall Street behind him, he orchestrated the industry's single largest buyout of companies in a three-year sweep, turning operators into millionaires and changing the face of our industry.

He spent more than 30 years with Carey, for years the world's largest chauffeured transportation company, with operations in 480 cities in 75 countries.

If there is a point to be made at a LCT Summit, Scott Solombrino will do it. Pictured at the 2011 Summit with Dallas operator Bedford Wynne (L).
If there is a point to be made at a LCT Summit, Scott Solombrino will do it. Pictured at the 2011 Summit with Dallas operator Bedford Wynne (L).

Scott Solombrino: President and CEO, Marcou Transportation Group’s Premium Chauffeured Transportation Platform (BostonCoach and Dav El brands), Boston

Newly appointed to lead, Solombrino, former CEO and owner of Boston-based Dav El Chauffeured Transportation Network, expects more consolidation for the industry. As a maestro of chauffeured transportation operations, industry politics and business travel trends, Solombrino’s new role will include carrying out Marcou Transportation’s plans for more global expansion. Solombrino entered the limousine business in 1978 as a chauffeur, reservations agent and mechanic. As a college freshman in Boston struggling to earn tuition money, he bought a 10-year-old Cadillac limousine for $600, gave it a fresh coat of paint and founded Fifth Avenue Limousine. In 1987, he acquired then New York-based Dav El from its founder, relocated the company to a new facility near Boston, and has made Dav El a leading premier executive ground transportation companies in the world. In January 2000, Solombrino was named one of the 25 most influential executives in business travel, to lead the industry into the new millennium, by Business Travel News. Co-founder and four-time president of the National Limousine Association, Solombrino serves on the board of directors. Additionally, he is serving his sixth term as a member on the Global Business Travel Association’s board, and is president of its Allied Leadership Council.

Ron Sorci: CFO, Aventura Worldwide Transportation, Miami

Ron Sorci's background throughout his career has consistently been in senior level management positions including serving as President and CEO of two public companies, US Transportation and Precept. While at those companies, his primary role was to facilitate many acquisitions within the ground transportation industry. He is also the author of the book "Selling Your Company In The Millennium." As a recurring speaker at International LCT Shows on company finances and budgeting, Sorci also served as President of the National Limousine Association from 2009-2010.

— Martin Romjue, LCT editor

Related Topics: business deals, business trends, industry education, industry trends, LCT Leadership Summit, mergers & acquisitions, Miami Beach, networking, Ron Sorci, Scott Solombrino, Vince Wolfington

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