MERGERS AND ACQUISITIONS
GLASGO CABS LAUNCHES AS TWO LOCAL FIRMS MERGE TO CREATE AN ‘INVINCIBLE FLEET’
A new private hire and taxi service is now available in Glasgow as two local firms have announced a merger. GlasgowLive reports that Glasgow Private Hire and Hampden Cars, which have both been operating in the city for more than 20 years, will be known as GlasGO Cabs. GlasGO Cabs is now one of the largest private hire and taxi services in Glas- gow, and has the benefit of being a dual fleet. GlasGO Cabs has also launched an app so customers can eas- ily book its service and even link their credit card so payment is stress-free. Hampden Cars general manager Martin
a stronger service for its staff and cus- tomers. Glasgow Private Hire manager Stuart Brennan agrees. He said: “I’ve been involved in the taxi industry for a long time and it’s good to see this progres- sion. The feedback so far from both companies is optimistic and GlasGO Cabs is going to build a very large and invincible fleet.”
Hogg explained: “In a nutshell, cus- tomers will now get an improved service because we have a bigger fleet.” The pandemic made the owners see the potential of working together to create
GlasGO Cabs is also looking ahead to phase two of Glasgow’s Low Emission Zone in 2023. The company plans to go electric and create an eco-friendly fleet which will be rolled out over the next few years.
TAKE ME GROUP TAKES OVER AFTER A VERY BUSY MAY PERIOD
Ambitious taxi operator Take Me has has a busy May, bringing in four taxi groups uner its brand. Its started at the beginning of the month when fast-growing taxi group Take Me Group made an acquisition, adding Stoke-on-Trent-based Intercity Taxis to the roster in a deal worth between £3 million and £4m. Intercity Taxis was founded more than 50 years ago and operates a fleet of around 120 taxis. The deal was backed by MBH Corporation plc, a diversified invest- ment holding company. A week later Crewe’s Westend Taxis was bought for an undisclosed sum, by Directors David Hunter and John Gard- ner, in a deal outside of MBH. The 150- strong fleet, which uses iCabbi, is the start of the group’s entry into the North West. David said: “We are strong in the Midlands, but this is our first site in the North West, with more to follow throughout the year.” Camberley’s Hart Cars was aqquired by Gary Marshall (Take Me COO), David Hunter and John Gardner, to be bolted
JUNE 2021
onto VGT Cars in Farnborough. The month ended off with Heritage Cars in Birmingham, merging with Take Me’s TC Cars, also in Birmingham, to form a large Birmingham super fleet. The Directors of Heritage, remain in the group and will be adding another large fleet to the Birmingham fleet in July. David Hunter said: “This year our first phase is to acquire fleets or offer fran- chise deals, we’re not venture capitalists, we are taxi men building a network, and welcome owners to stay with us. “We’re lucky enough to have the
backing of MBH and or a private fund, so there are many ways we can do a deal; bonds, shares, cash etc. We have a full array of tools at our disposal, the main objective is to work together. Phase 2 will be rebranding and putting in the streamlined technology to all sites.” Take Me continues to build a national British network for operators, with a further three operators to migrate across to Take Me in June. For more information contact David Hunter
David@ta8me.co.uk
17
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 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100
