SuperShuttle International Inc. Moves Into Acquisition Mode With Cloud 9 in San Diego and Kansas City Transportation Group Marki
10 Septiembre 2007 - 9:00AM
PR Newswire (US)
PHOENIX, Sept. 10 /PRNewswire/ -- SuperShuttle International, Inc.
announced today it has acquired Cloud 9 in San Diego and Kansas
City Transportation Group in Kansas City, Mo., marking its first
acquisition in California and its third since SuperShuttle
International became part of Veolia Transportation in October 2006.
The purchase price of the three acquisitions was not disclosed. The
acquisition of Cloud 9 includes 105 vans and sedans and was
completed August 30, 2007. Only five vans are company owned. The
rest of the vans remaining sedans are owned by franchisees. These
will become part of the more than 1,200 franchisees of the
SuperShuttle system in the U.S. The new entity will be known as
Cloud 9 SuperShuttle. John Hawkins, the current owner and president
of Cloud 9, will become vice president of SuperShuttle San Diego.
The Kansas City Transportation Group acquisition completed in July
2007, included the operation of Kansas City Yellow Cab, Carey
Limousine & KCI Shuttle. The fleet includes approximately 300
taxicabs, 55 airport shuttles, 35 para-transit vehicles and 45
limousines and livery vehicles. The 350 independent contractors
associated with Kansas City Transportation Group have remained with
SuperShuttle International as franchisees. Bill George, the former
owner, has also remained in place as president of SuperShuttle
Kansas City. During the next several months, KCI Airport Shuttle
will be expanded into the SuperShuttle service model and brand.
Other brands within the transportation group, such as Yellow Cab,
will remain under the same brand names. In March of 2007,
SuperShuttle International also made a small acquisition of Golden
West Commuter, LLC that was immediately rolled into the existing
SuperShuttle operation in Denver. "It's great to be part of a
national organization." Hawkins said. "It's good for our business
because we will have an increased capital and marketing investment,
increased opportunities for our employees, not to mention our
customers who will now be able to make reservations online." George
added, "This merger has offered us a great opportunity to take
advantage of the next generation of technology, including high-tech
dispatch and internet reservations systems that a small company
like ours could not afford to develop." Brian Wier, president and
CEO of SuperShuttle International had praise for both groups. "We
have admired the operations of both Cloud 9 and KCI Transportation
for some time now," he said. "The leadership of both John Hawkins
and Bill George made these two organizations top on our acquisition
list and we hope to make more acquisitions of this type in the
future. These are both strong operations with excellent management
in place. The acquisition of SuperShuttle International by Veolia
Transportation a year ago has created an opportunity for us to
acquire these fine organizations and hopefully others as we enlarge
our national transportation group under Veolia "Transportation on
Demand" division and a truly broad national shuttle system at our
nation's airports." 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. DATASOURCE:
SuperShuttle International Inc. CONTACT: Ken Testani of
SuperShuttle International, Inc., +1-480-609-3000, ; or Margaret
Nathan of Strategic Communication, Inc., +1-801-209-5485, , for
SuperShuttle International Inc. Web site:
http://www.supershuttle.com/
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