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).