Carey International Acquires County Limousine of White Plains, New York
27 March 2000
Carey International Acquires County Limousine of White Plains, New YorkWASHINGTON, March 27 Carey International, Inc. announced today that it acquired County Limousine Service, Inc. of White Plains, New York. The company will add approximately $7.0 million in annualized revenues as a result of the acquisition. Founded in 1948 by John Gouveia, County Limousine is the oldest and largest provider of chauffeured vehicle services in Westchester County, New York. The company is the preferred chauffeured transportation provider for many of Westchester County's leading companies, providing service through a fleet of sedans, limousines, vans, and motor coaches. "County Limousine is a valuable addition to Carey's worldwide chauffeured services network," said Vincent A. Wolfington, Chairman and Chief Executive Officer of Carey International. "By acquiring County, we not only gain the most reputable chauffeured vehicle company in Westchester County, but we also continue to build on our operations in New York, Connecticut, and Massachusetts. County's strong commitment to customer service will significantly enhance our position as the leading provider of chauffeured vehicle services in the Northeast." "We are pleased to join Carey and to be part of its operations in New York and New England," commented John Gouveia. "This transaction will provide a tremendous opportunity for our employees to enhance their careers by joining a global enterprise. It will also benefit our customers who now have one-stop shopping for all of their chauffeured transportation needs throughout Carey's international service network." 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 480 cities in 75 countries. The information set forth above contains forward-looking statements, which involves risks and uncertainties. The Company's actual results could differ materially from the results anticipated in these forward-looking statements. Readers should refer to discussion under "Risk Factors" contained in the Company's Registration Statement on Form S-1 (No. 333-59599) filed with the Securities and Exchange Commission, which is incorporated herein by reference, concerning certain factors which could cause the Company's actual results to differ materially from the results anticipated in the forward-looking statements contained herein.