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 2nd 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 4 of 5
Sector: Transportation M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2017 M&A 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-28 Tristar

West Drayton, United Kingdom

Tristar is a chauffeur company, carrying over 500,000 passengers for 400 clients per year. The business operates in over 80 countries, with its own vehicles in the UK and a rapidly expanding service in the USA and Hong Kong. It has a blue chip customer base which includes Virgin, Emirates, BP, Goldman Sachs and Merrill Lynch. Tristar was founded in 1978 and is based in West Drayton, United Kingdom.

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 -