BOSTON, MA – January 27, 2017 – Marcou Transportation Group (“MTG”), the parent company of Dav El | BostonCoach, announces the acquisition of GroundLink and software provider to the limousine industry, Limo Anywhere.
The addition of GroundLink to MTG will help to finalize its direct on-demand product for the corporate travel space. MTG and its affiliates will now be able to provide Fortune 1000 companies with an on-demand solution that will meet both their standards of compliance and corporate travel needs. As part of MTG’s Duty of Care, they will continue to perform background checks, drug testing, license checks, insurance, training, etc., that is expected from its corporate clients. The addition of the GroundLink distribution channel will immediately benefit from the increased capacity and geographic advantage of MTG’s existing global network.
Spokesperson for the Marcou Transportation Group, and President and CEO of Dav El | BostonCoach, Scott Solombrino says, “Our acquisition of these separate and unique technology platforms is a game changer for the industry. These companies provide us the opportunity to directly compete with the TNCs, as they try to infiltrate the corporate travel market, and will allow the industry to compete in the on-demand market faster than originally anticipated. The implementation of auto dispatch and geospatial pricing can now be integrated into our already existing product to roll out the industry’s first on-demand service in the corporate market.”
The Limo Anywhere software platform, which is the leading provider to thousands of operators throughout the world, will receive investment to ensure it is the most robust platform available in the chauffeur car industry. With developers all over the world, including India, Serbia, Ukraine and the United States, MTG will have the largest development team in the industry which will contribute to leveling the playing field with the TNCs.
“We are thrilled to have a strategic investor that will help to advance the technology on our existing platforms,” says Liz Carisone, CEO of GroundLink.
According to Solombrino, “This will give companies that are using the Limo Anywhere software platform the opportunity to integrate and transact business in an easier and more efficient manner and to provide growth to their companies. The combined network of companies will give us the largest footprint of legitimate and compliant chauffeured car operators in the world.”
Liz Carisone and Mark Gentry, President of Limo Anywhere, will remain with the company and in their current roles. Limo Anywhere will remain independent and separate from the chauffeured car operations.
Fairmount Partners served as the exclusive financial advisor to GroundLink and Limo Anywhere. Terms of the acquisition were not disclosed.
About Dav El│BostonCoach
Dav El│BostonCoach is the largest privately owned chauffeured transportation company in the world and maintains its highest quality and safety standards through innovation, dedication to the customer and personal, professional service. Dav El│BostonCoach offers the most comprehensive executive ground transportation services available, including deluxe limousines, luxury sedans, executive vans and buses, and a professional and knowledgeable staff of trained chauffeurs, reservations agents and travel managers to meet every request and exceed every expectation. Serving business travelers for over three decades, Dav El│BostonCoach currently operates in over 500 metropolitan markets, across six continents, with a fleet of more than 25,000 vehicles.
GroundLink is a tech-enabled provider of executive black car service in major cities throughout the world. Offering the industry’s only on-time guarantee, GroundLink focuses on duty of care, with professional drivers who are screened, properly licensed and fully insured. GroundLink offers a multiple booking platform for its consumer and corporate clients that includes its website (http://www.groundlink.com), its iPhone or Android app, and its 24/7 Customer Service Center (855.463.7150). GroundLink has offices in North America and Europe, with its headquarters in New York, NY. Connect with GroundLink on Twitter @GroundLink and on Facebook.com/GroundLink.
About Limo Anywhere
Limo Anywhere provides the industry’s leading software solution for more than 4,000 limousine and black car operators, helping to reduce operational costs and drive profitable growth. The company’s integrated, cloud-based platform provides operators with end-to-end capabilities for reservations, account management, dispatch, credit card processing, flight tracking and financial management, and facilitates over 10 million rides annually.
About Fairmount Partners
Fairmount Partners advises middle-market growth companies on mergers and acquisitions, capital-raising and strategy. We have completed more than 170 transactions spanning North and South America, Europe, Asia and Australia. Our Technology Group’s current focus areas include: (i) Big Data / Data Aggregation and Analytics (“DAA”); (ii) Software as a Service (SaaS) and related technology-enabled services; (iii) Cloud Technology and Services; (iv) Internet Commerce and Services; and (v) Digital Media / Ad Tech. Specific vertical-industry experience includes healthcare, energy, retail, telecommunications, electronics, aerospace & defense and financial among others.
Principals of Fairmount Partners acted as advisors to GroundLink in this transaction.
For more information, visit: http://www.fairmountpartners.com.