Carey Int'l Acquires Classic Limousine
8 June 1999
WASHINGTON -- Carey International, Inc. announced today that it acquired Classic Limousine Airport Service, Inc. of Stamford, Connecticut as of June 1, 1999. The Company will add approximately $11 million in annualized revenues as a result of this acquisition. Founded in 1984 by Ronald and Leonard Ventura, Classic Limousine is the largest premier chauffeured vehicle service company in Connecticut. The company is the preferred chauffeured vehicle service for many of Connecticut's largest corporations, providing service from Boston to New York. "Classic Limousine is a very strategic addition to Carey," said Vincent A. Wolfington, Chairman and Chief Executive Officer of Carey International. "When combined with our successful operations in New York and Boston, our presence in Connecticut makes Carey the dominant chauffeured vehicle service company in the Northeast. By acquiring Classic, we not only gain the opportunity to provide worldwide service to Classic's multinational customer base, but we also gain the invaluable management and development talents of Ron and Len Ventura who built a multimillion dollar company from a one-car operation." Ron Ventura, President of Classic Limousine, commented, "Joining forces with Carey is all about opportunity. This is a great event for our employees and customers. It allows our employees to become part of an established worldwide enterprise and work with people who are passionate about client service. It also offers our customers one-stop shopping for chauffeured services to meet their needs wherever they do business." Carey International, is the world's largest chauffeured vehicle service company. The company provides chauffeured sedan, limousine, van and minibus service through a worldwide network of owned and operated companies, licensees and affiliates serving 420 cities in 65 countries.