Operations

Colorado Operation Acquires Two More Businesses

Posted on January 2, 2019
Eight Black Transport owner Simon Chen
Eight Black Transport owner Simon Chen

LONGMONT, Colo. — Eight Black Transport, the 2017 LCT Operator Of The Year (1-10 vehicles), announced Dec. 29 the acquisition of two prominent Denver-based ground transport companies.

Red Boots Limousine and A Absolute Limousine have become the second and third acquisition Eight Black has made in its short three-year history.

The Red Boots and A Absolute Limousine brands will remain, but the back office, reservations, customer service, and fleet will all be consolidated.

Financial terms of the two acquisitions remain undisclosed, apart from the fact both are all cash transactions and no hard assets were acquired in the overall purchase of both entities. Eight Black has already expanded its existing fleet to cater for the additional volume and will continue to grow the fleet as needed.

Red Boots, owned and operated by Mary Claire Friesema and Ron Chamberlain, built a well-respected Denver based business over the last six years using a fleet of four vehicles.

“Mary Claire and Ron are outstanding operators and wonderful customer service professionals. I always admired their work ethic and dedication to clients. Whenever we farmed work to them, they never let us down. They have always enjoyed what they do and it shows each and every day," said Simon Chen, owner of Eight Black, in a press release.

A Absolute Limousine is owned by Mike McLaughlin. He originally purchased the company in 2010. He also had bought American Heritage Limousines in 2011 and later that year, combined the two entities. A former firefighter/EMT and 911 dispatcher, McLaughlin has been dedicated to client safety and removing the stress from their driven experiences.

About Eight Black

Eight Black Executive Transport, with locationsin Longmont and Denver, has grown quickly and doubled its revenues year over year.  It has focused on the premium end of ground transportation and attracted a host of Fortune 500 clients. Eight Black has an executive protection division, and runs a Bentley Continental Flying Spur. All its vehicles are equipped with AEDs, comprehensive First Aid kits, fire extinguishers, and WiFi.

The team has proven itself with large-scale group movements and in 2018, completed 100+ weddings in Northern Colorado.

Its extensive fleet comprises the latest vehicles from Mercedes Benz and Lincoln and the average age of the fleet is less than three years old. The company exceeds client expectations with a focus on detail, a highly-trained professional team of chauffeurs, and a commitment to total client satisfaction.

Source: Eight Black press release

Related Topics: business deals, business expansion, Colorado operators, mergers & acquisitions, Operator of the Year

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