M&A Deal Summary

Addison Lee Group Acquires Flyte Tyme Worldwide Transportation

On January 3, 2017, Addison Lee Group acquired transportation company Flyte Tyme Worldwide Transportation for 25M USD

Acquisition Highlights
  • This is Addison Lee Group’s 1st transaction in the Transportation sector.
  • This is Addison Lee Group’s largest (disclosed) transaction.
  • This is Addison Lee Group’s 1st transaction in the United States.
  • This is Addison Lee Group’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2017-01-03
Target Flyte Tyme Worldwide Transportation
Sector Transportation
Buyer(s) Addison Lee Group
Deal Type Add-on Acquisition
Deal Value 25M USD

Target

Flyte Tyme Worldwide Transportation

Mahwah, New Jersey, United States
Flyte Tyme Worldwide Transportation is a chauffeured ground transportation provider specializing in corporate travel management, black car services, meetings and events.

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Buyer(S) 1

Buyer

Addison Lee Group

London, United Kingdom
Category Company
Founded 1975
Sector Transportation
DESCRIPTION

Addison Lee Group is a private hire vehicle provider. Addison Lee Group was founded in 1975 and is based in London, United Kingdom.

DEAL STATS #
Overall 3 of 4
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (New Jersey) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-21 Climatecars

London, United Kingdom

Climatecars Ltd. is a carbon neutral car hire service, using the Toyota Prius as its core vehicle, which runs on a combination of petrol and electricity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-13 Tandem Technologies

Ludlow, Massachusetts, United States

Tandem Technologies is a provider of car service booking and management software to corporate customers. Tandem Technologies is based in Ludlow, Massachusetts.

Buy -
Mergr

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