Spending is estimated to advance another 7.1% in 2018 and will expand to $1.7 trillion total by 2022.
The operators didn’t work with a broker, but instead consulted with a local attorney and did most of the paperwork among them. In the cash out deal, Pippett and Bookidis didn’t buy any of Milfeld’s assets. Instead, they bought the business name, phone numbers, websites, and customer base.
Before the acquisition, B-Line’s annual revenue from 2016 was around $1.6 million; the company hopes to earn just over $2 million with the purchase of RJ. B-Line operates 15 vehicles, while RJ runs six. These include Chrysler 300 AWD sedans, Yukon Denali SUVs, and executive Mercedes-Benz Sprinters.
RJ Limousines was started in 1989, and has been in business for about 25 years. Milfeld decided it was time for him to change career paths, and is jumping into an undisclosed venture unrelated to transportation.
“RJ Limousines has a lot of traction in our local market with some of the high-end homeowners and resorts in Vail, Beaver Creek, and Aspen, as well as strong affiliate relationships around the country in major markets,” Pippett said.
Milfeld will help the partners consult with some of his former clients and serve as a mentor to ensure they guide the business correctly. B-Line’s business is 85% retail and 15% corporate, and they are excited to breach new clientele markets.
“Milfeld did a lot of work with the medical field with non-emergency transportation, so that will be a new venture for us.”
Together, the companies also service Eagle County Airport (EGE) and its Vail Valley Jet Center, as well as Denver International Airport (DIA).
Industry leader Scott Solombrino calls the measure ‘crazy’ and a ‘crisis’ for luxury transportation operators.
The event provides a wide platform for the industry to promote its safety, comfort, and convenience advantages.
LMCPays will be the newest agent office for the major industry credit card processor.
AUG. LCT: A panel of operators learned all about handling operations during extreme natural events.
AUG. LCT: Here’s how to ease one of the most difficult transitions your operations may ever have to make.
AUG. LCT: The top operators in the luxury transportation industry who attended this year’s exclusive annual executive conference offer some best practices that can work in your operation.
A package of bills passed Aug. 8 will shake up for-hire transportation in New York City.
AUG. LCT Cover: Two-time Operator of the Year Award winner Harry Dhillon grows revenues by taking some risks.
eNews Exclusive: Johnny McBride would have never been exposed to the idea of a luxury transportation company if he hadn’t gotten his start as a part-time driver.
AUG. LCT: You find a way to be good all of the time instead of perfect some of the time.
Here are 13 steps you should follow after one of your cars is involved in a collision.
The city plans to enforce a limit on the number of private ground transportation vehicles allowed.
AUG. LCT: After April 1, 2018, drivers found out of compliance with electronic logging devices could be ordered out of service. Is your service at risk?
AUG. LCT: Affluent buyers are more likely to want an experience and a feeling, along with safety and convenience.
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