IN THE
NEWS...IN THE NEWS..
MBH CORPORATION PLC CONTINUES GROWTH WITH ACQUISITION OF VICTORIA GOSDEN TRAVEL
MBH Corporation plc (MBH), a diversi- fied investment holding company, has added to its transport vertical with their latest acquisition of Victoria Gos- den Travel Limited (VGT). Business Leader reports that this was the latest step in a highly active year for MBH as VGT became the 12th acquisi- tion of 2020 and the fourth of the last six weeks. VGT joins ADT Taxis in MBH’s transport vertical and boosts the pro- forma revenues of MBH group companies to £104m for the financial year ending 2020. VGT is a well-established taxi and PHO covering the Waverly, Hart and Rush- moor areas and has been operating since 2002. Over its 18 years VGT has acquired other taxi firms to grow into a fleet of 100 vehicles covering most aspects of passenger transport.
Gary Marshall, MD, VGT, said: ‘This is a fantastic opportunity for us. We have spent the last seven years growing VGT to a 100-car fleet. Joining with MBH has allowed us to release equity in the busi- ness, remain in control of the company and remove the limiting factors allow- ing us to grow the business further. “Added to this is a pool of business leaders, working together with similar aims, all wanting to drive the business forward. I am particularly looking for- ward to working with the ADT Taxis team in our shared goal to create a national taxi network.” David Hunter, CEO, ADT (Take Me (Group) Ltd), said: “We are delighted to bring in Gary Marshall to the MBH Taxi network as we build the Take Me taxi network across the UK. “In a hugely challenging year for our
industry we’ve been able to build our company and brand by diversifying into food deliveries, building an excep- tional app and through growth of school and NHS contracts. “As we continue to grow, VGT will be an amazing addition to our brand. Gary has other companies lined up to join his Farnborough hub and we look forward to assisting them with new technology and streamlining as we expand.” Callum Laing, CEO, MBH Corporation plc, commented: “This has been an incredibly productive year for us as a group. VGT joining with ADT is incredi- bly exciting and gives us a good footing to expand the fleet further in 2021. VGT has been a reliable and well- respected business for nearly two decades and it will be great to have Gary joining our team.”
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58 JANUARY 2021
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