MERGERS AND ACQUISITIONS
WELL-KNOWN STOCKTON TAXI AND PH FIRM SELLS TO BORO CARS AFTER SUFFERING DOUBLE TRAGEDY
The Stockton family behind one of the area’s best-known taxi firms has sold the business to Boro Cars after suffer- ing a double tragedy. GazetteLive reports that Tees Valley Cabs said the decision had been made with a “heavy, heavy heart” after serv- ing the area for the last 30 years. Run by four brothers, who “put every- thing” into the business, they now want to “spend more time with family - because let’s face it, life’s too short”. The brothers decided it is time to move on after losing their beloved brother Mohammed ‘Fazza’ Farooq “unexpect- edly” and their mother not long after. Goodwill messages have been flooding in from customers and former staff,
who said the hardworking brothers were a “pleasure to work for”. Fazza, Mazi, Zazi and Abbass took over from County Cars 30 years ago with just two cars to their name, building up a fleet of 125 cars “slowly, over time”. But the family’s recent heartbreak and a
“challenging economic climate took its toll”. A statement from the brothers said: “As word is now out, we would like to officially confirm that our business has been taken over by another compa- ny who we wish the absolute best of luck. This is not a decision that has been taken lightly as we put everything we had into building our business to what it is today. As most people know we lost our beloved brother and mother, that’s in itself has taken its toll on top of a very challenging economic climate. “We would like to take this opportunity to thank the people of Stockton for all your continued support and loyalty along with our fantastic drivers and staff, we will miss every one of you.”
TAXI OPERATOR TAKE ME GROUP ADDS DURHAM-BASED TAXI FIRM 1.A.B TO THE FLEET
Ambitious taxi operator Take Me, based in Leicestershire, the UK’s fastest grow- ing private hire and technology group, has just acquired private hire firm 1.A.B based in Durham. 1.A.B started in 1984 in Darlington with the motto: “Any- where in the town centre from A-B for £1... hence the brand name 1.A.B.” 1AB describe themselves in today’s mar- ket: “As we have grown, we have embraced current technology, from state-of-the-art dispatch systems, taxi butlers and in-car card payments, making it faster and more convenient for our valued customers to use our service. “With our ever-expanding company we are now in County Durham, Newton Aycliffe and the surrounding areas. “Times change, but one thing that has not, is our commitment to putting your journey first. We pride ourselves on our reliability, competitive rates, and excel- lent customer service.” David Hunter, MD, Take Me, said: “We are delighted to announce that 1.A.B
AUGUST 2022
has joined us. Their 170 fleet will enhance our operations in Yorkshire. The management team at Darlington is excited to be part of a larger network with all the benefits that this will bring. 1.A.B will sit alongside our other recent acquisitions in Yorkshire, including Star Cars in Catterick, Station Taxis in Malton, Pickering Taxis and Hello Coopers in Bedale.” David Hunter added: “Chris, from 1.A.B, approached me last December, looking at how we could bring benefit to the
company and after months of discus- sion and negotiations, we are delighted to announce this acquisition.” Chris from 1.A.B said: “We are excited about being part of the Take Me Group and look forward to the upcoming jour- ney together. For us, the security and strength this partnership brings helps our family-run business of 39 years grow stronger and faster post-Covid and secures the future of our excellent call centre and office team and of all our partner drivers.” Take Me continues to expand with a further five more companies looking to join the group before the end of the summer. Club Class in Northwich and it’s fleet of 80 vehicles will be merging with Take Me fleets in Crewe and Stoke- on-Trent in autumn. Take Me will start to rebrand its compa- nies later this year, as it becomes a mobility as a service provider, which manages its own fleets.
11
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84
