SuperShuttle International, Inc. Acquires Golden Touch Transportation of New York, Inc.
PHOENIX, May 22, 2008 -- SuperShuttle International, Inc. announced today it has acquired Golden Touch Transportation of New York, Inc. The purchase price of the acquisition was not disclosed.
The acquisition of Golden Touch Transportation includes approximately 200 vehicles including 100 buses, 85 vans and 15 sedans. SuperShuttle will inherit 75 employees and 125 franchisee drivers as a part of the transaction. Thomas J. Herrschaft, owner of Golden Touch will remain as CEO and President of Golden Touch Transportation of New York a wholly-owned company of SuperShuttle International.
The new acquisition will bring a new business segment to SuperShuttle's existing shared ride service as Golden Touch specializes in operating airline crew transfers from JFK, Newark and La Guardia airports. In addition, Golden Touch operates a number of contracts for scheduled bus service in the greater New York area. SuperShuttle expects Golden Touch to expand these crew transfer and specialized contract services on a national level.
SuperShuttle International, based in Phoenix, AZ is a division of Veolia Transportation On Demand and a subsidiary of Veolia Environment (Euronext: VIE, NYSE: VE). SuperShuttle serves 27 airports, carrying more than eight million passengers a year. Airports served by SuperShuttle include some of the largest in the country including Los Angeles, New York, Dallas/Ft. Worth, Washington, D.C. and Miami. Please go to http://www.supershuttle.com/ for more information.
Veolia Transportation, Inc.
Veolia Transportation is the leading provider of passenger ground transportation services on the North American continent, operating bus, rail, taxi, shuttle and para-transit systems in over 120 locations in the US and Canada. Veolia Transportation entered the North American market in 2001 and has quickly expanded to a national presence, with over 16,000 employees and annual revenues approaching $1 billion.
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