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Welcome to LCT Blog, LCT Magazine's blog devoted to "stretching chauffeured transportation." The LCT team appreciates you clicking in, and hopes you'll find some useful and entertaining information. Read more

Contributors

Martin Romjue

Martin Romjue joined LCT Magazine as editor on Jan. 2, 2008. He most recently worked as a business editor for the Los Angeles Newspaper Group, and previously reported at newspapers in Virginia, Florida, and California. Read more

Jim Luff

Jim Luff is an operator from Bakersfield, CA who wears a few different hats. Jim began his career in the industry as a private chauffeur in 1990. In 1993 he found a permanent home at The Limousine Scene as the general manager, later becoming a partner. Read more

Michael Campos

Michael Campos joined LCT Magazine as assistant editor on January 3, 2011. He is a graduate of the University of Southern California’s English/Creative Writing program. Michael attended his first International LCT Show in February 2011, where he met and interacted with operators and vendors. He will be helping LCT further develop its digital media content. Read more

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Time for Mergers & Acquisitions

BUYING & SELLING: East Coast Transportation of North Florida just bought Executive Transportation & Tours, LLC of Jacksonville, a competitor that brought in $1.5 million in 2008 revenue. LCT has been hearing about and covering M&A transactions lately (including Sterling Rose Limousine in Temecula, Calif., buying other operations). Charles Tenney & Associates has been staying busy putting M&A deals together around the country, according to Tenney. As revenue drops dramatically and debts increase, operators generally have to make such deals to avoid going out of business. And sometimes they're done working 24-7 and appreciate the opportunity to become part of a competitor's organization. We expect to hear more stories like this one throughout the year.  -- J.L.
Print | posted on Friday, February 13, 2009 12:29 PM
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