Operations

Tristar Worldwide Acquires M7 Transportation

Posted on February 16, 2012

BOSTON -- Tristar Worldwide Chauffeur Services said Feb. 10 it bought M7 Worldwide Transportation, a ground transportation company based in Burlington, Mass. The combined entity further enhances Tristar’s leadership position in the meetings and roadshow segments while providing an wider platform for the growth and diversification of Tristar’s business globally.

Financial terms of the deal were not disclosed.

Mike Fogarty, CEO of Tristar U.S., said in a statement, “We are thrilled to announce the acquisition of M7, as Tristar continues to gain market share and expand its presence in North America. M7 brings a commitment to excellence with service delivered by highly trained professionals that mirrors our own. We are honored to welcome the M7 team to the Tristar family, which now numbers more than 110 in the U.S.”

Marc Shpilner, President and CEO of M7 Transportation, said in the statement, “By joining a true global transportation company, M7 has the expanded ability to provide our clients with exemplary localized service around the world and expanded career opportunities for our team members who helped make M7 what is today”.

Dean De Beer, Tristar’s London-based CEO, added in the statement, “In addition to the expanded presence in the U.S., it also provides us with a more balanced global business. M7 Transportation [is] another important step in building the Tristar brand worldwide.”

About Tristar
With owned operations and corporate offices in London, Manchester, Boston, New York and Hong Kong, Tristar Worldwide Chauffeur Services delivered more than 500,000 trips in more than 80 countries in 2011. Tristar employs teams of chauffeurs in those cities. It operates through a network of highly trained and qualified affiliates in more than 80 countries worldwide. Tristar attributes much of its success to a highly selective and detailed affiliate qualification and management process, which ensures the company’s industry-leading, high level of client service and performance. Tristar is one of the world’s largest chauffeur drive companies in its sector, with a fleet of more than 500 vehicles. It also has long-term partnerships with regional and international affiliates, and provides contracted services to some of the best-known and well-respected companies and brands worldwide.

About M7 Transportation
Founded in 1987, M7 Transportation provides chauffeured services worldwide including individual and corporate groups, large-scale meetings and events, private aviation and corporate road shows.  With 25 years of proven experience and a wide client base in health care, technology and financial services, M7 is a source for professional ground transportation around the globe executing nearly 40,000 trips in 2011.

Source: Tristar Worldwide Chauffer Services

Related Topics: business deals, Dean De Beer, Massachusetts operators, mergers & acquisitions, Mike Fogarty, Tristar Worldwide Chauffeur Services

Comments ( 0 )
More Stories
An ROI (return-on-investment) on a moving vehicle is easy to understand, but difficult to keep consistent. (LCT image)
Article

A Walk Through Coach Profits

NOV. LCT: These simple return-on-investment formulas will help you truly see if your buses of all sizes are making enough money.