Limo Acquisitions
Many limousine hire companies are feeling the pinch from rising fuel prices and the drop in hire because of their fuel surcharge. Of course we are all under financial pressure because of the struggles the global economy is facing and this is leaving less and less money for luxuries like limo hire on the weekend for a special dinner or a trip to the movies.
However, one business’ loss is another’s advantage and while those limo hire companies which are struggling go under and sell out, there is always another limo hire company there waiting to buy. This is exactly what has happened to the International Limousine and Shuttle Service which was sold to Cooper-Atlanta Transportation Services last month.
This new purchase gives Cooper-Atlanta a third metro office and a downtown presence which it was previously missing out on. This gives the expending luxury vehicle hire company an ‘in’ with the Sheraton Atlanta Hotel, adding to its contacts in north Atlanta and its other prime location near the Hartsfield-Jackson Atlanta Airport.
Even with the economy and the limo hire prices being unpredictable and dictating the downsizing or economising of other limo hire companies, this was all in the cards for Cooper-Atlanta. Their CEO has said that their recent purchase was a significant part of the company’s business plan and that the expansion has enhanced their position, giving them a competitive edge in an already competitive industry.
Cooper-Atlanta have also kept on International Limousine’s former owner as the downtown sales director, and he will oversee the limousine transport needs of the Sheraton Hotel. It is important that in taking over and assimilating a new company into an existing one that it continues to remain profitable.
In keeping on the staff of International Limousine, the customers and clients are dealing with at least one familiar face and are more likely to keep their business where it is, rather than leave after their trusted limo hire company was swallowed up.
For more information about hiring a limousine in your area for an airport transfer or a hotel rendezvous, contact Legends Limos now.
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