Tuesday, June 2, 2020

Accrington transport provider acquires Nottingham specialist

Accrington based, managed transport and accommodation solution provider, CMAC Group, has acquired managed taxi, bus and coach hire specialist Cabline.

Nottinghamshire-based Cabline was established in 2004 and employs just under 50 specialist staff and has a turnover in excess of £10m p.a.

The acquisition is “largely complementary to CMAC Group’s current operation, thereby significantly strengthening its ground transport offering.” It adds to the firm’s existing UK network of private hire, executive and accessible vehicles, buses and coaches, servicing a wide range of industries including; airline, travel management, rail, corporate and government organisations.

Steve Turner, Chief Executive Officer of CMAC Group said: “The acquisition of Cabline adds yet more expertise and expands the reach and diversity of our existing supply chain, offering greater choice, availability and increased flexibility to our combined customer base.”

CMAC delivers a range of time critical and emergency transport products and moves more than a million passengers each year, providing integrated accommodation solutions for thousands more. The company was established in 2007 and employs over 150 people across multiple North West offices, alongside its first European operation based in Athens, Greece.

CMAC were advised on the deal by Seneca Corporate Finance (corporate finance), Napthens (legal) and RSM (tax). Cabline were advised by Mitten Clarke (corporate finance) and Knights (legal).

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

Digital marketing agency appoints three new directors

Hallam, the Nottingham-based digital marketing agency, has appointed three new directors as part of its strategic restructure. Charlotte Tomlinson (Media Director), Matt Berry (Client Services...

Revenue rise and return to profit for Lutterworth cyber security solutions provider

Lutterworth-based cyber security solutions provider Intercede is looking forward to "a further year of progress" as newly released preliminary results for the year ended...

Hotel Brooklyn to open second hotel in Leicester

Hotel Brooklyn, a Bespoke Hotels brand, is set to open its second hotel in Leicester in summer 2022, following the launch of its Manchester...

Hundreds of jobs to be cut at Triumph Motorcycles

240 people are to be made redundant in the UK at Hinckley-headquartered Triumph Motorcycles, with global job cuts said to be at 400. The move...

Slow pandemic support sees businesses plan to scrap banking provider

41% of businesses are planning to change their banking provider due to the slow support that has been offered during the COVID-19 outbreak. This is...

Related news

£7.5m deal to complete fourth phase of Burton-on-Trent mixed-use scheme

Nurton Developments (Quintus) has secured a £7.5 million deal with Cameron Homes to complete a fourth phase on its 400-acre Branston Locks mixed-use scheme...

Digital marketing agency appoints three new directors

Hallam, the Nottingham-based digital marketing agency, has appointed three new directors as part of its strategic restructure. Charlotte Tomlinson (Media Director), Matt Berry (Client Services...

Revenue rise and return to profit for Lutterworth cyber security solutions provider

Lutterworth-based cyber security solutions provider Intercede is looking forward to "a further year of progress" as newly released preliminary results for the year ended...

Hotel Brooklyn to open second hotel in Leicester

Hotel Brooklyn, a Bespoke Hotels brand, is set to open its second hotel in Leicester in summer 2022, following the launch of its Manchester...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close