A popular Stoke-on-Trent taxi firm has been sold to a global investment company.
Hanley-based Intercity Taxis has been acquired by MBH Corporation plc in a deal estimated to be worth between £3 million and £4 million.
Intercity is one of the most popular taxi companies in the city and is regularly used by local authorities for school run services, as well as revellers and visitors travelling to and from the city centre. Its largest account is Staffordshire County Council.
The taxi firm has been around for more than 40 years and today it has more than 150 drivers and a fleet of 120 cabs.
Bosses at MBH have described the company as being among the “best in their field.”During the pandemic, Intercity introduced a new iCabbi system to allow customers to book a taxi in a number of different ways – including through an app, via the web booker system, through interactive voice response (IVR) or by calling up.
CEO Callum Laing said: “Intercity Taxis is one of the very best in their field, being innovative, forward facing and proactive and we are excited to have them as part of our growing portfolio as we add more to our transportation vertical.”
The deal will see Intercity – which generated revenue of £2.1 million for the 12 months to March 31, 2020 – sit under the Take Me brand (formerly ADT Taxis) within MBH’s transport division.
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David Hunter, CEO at Take Me Group, said: “We are beyond delighted to have Intercity Taxis join our group.
“They are a historically brilliantly run firm, operating within a stable and established market. This presents a huge opportunity for continued growth for the transportation vertical within the MBH portfolio which we’re proud to be a part of.”