Operations

Acquisition Deal Expands Reach Of N.J. Limousine Operation

Posted on August 3, 2011
New Jersey operators Paula and Bob Duffy recently grew their company, Regal Limousines & Car Service, by acquiring Ultimate Limousine Service.

New Jersey operators Paula and Bob Duffy recently grew their company, Regal Limousines & Car Service, by acquiring Ultimate Limousine Service.

New Jersey operators Paula and Bob Duffy recently grew their company, Regal Limousines & Car Service, by acquiring Ultimate Limousine Service.
New Jersey operators Paula and Bob Duffy recently grew their company, Regal Limousines & Car Service, by acquiring Ultimate Limousine Service.
Limousine management consultant Bruce Davidson helped broker the straight-up cash deal.
Limousine management consultant Bruce Davidson helped broker the straight-up cash deal.

The acquisition was arranged by Bruce Davidson, a limousine industry consultant with his firm, Davidson Management Solutions, LLC.  Davidson, also the vice president of affiliate operations at Regal, has been a business associate of Duffy of Regal and Ultimate owner Steve Bogen for many years.

Davidson told LCT that the Regal deal came together clean and quick since the company had plenty of available cash and Bogen felt confident in selling because his longtime customers would be more than satisfied with Regal’s reputation and high level of service.     

Regal’s 25-vehicle fleet includes sedans, stretches, vans, SUVs and mini-buses. The company has 28 full- and part-time employees.

The Regal Limousine service area includes New York City and its major airports, Central and Northern New Jersey including Princeton, Atlantic City, and Philadelphia. Regal’s affiliate program enables it to provide service worldwide. The company is a member of the National Limousine Association (NLA) and the Limousine Association of New Jersey (LANJ).
 
Information: (800) 223-1023; www.regallimoservice.com

Sources: Davidson Management Solutions; Martin Romjue, LCT editor

Related Topics: business deals, business expansion, mergers & acquisitions, New Jersey operators

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