The Hoffmann Family of Companies has acquired JED Transportation, a leading luxury transportation provider serving the ºüÀêÊÓƵ metropolitan area, and a second local limo company, Corporate Transportation ºüÀêÊÓƵ.
JED Transportation focuses its chauffeur services on corporate, sports teams, universities and wedding transportation logistics.
Founded in 1967, Hazelwood-based JED Transportation boasts a fleet of over 70 vehicles which includes sedans, SUVs, vans, mini buses, coaches, school buses and limousines.
Terms of the deals, which were announced Friday, were not disclosed by Hoffmann.
“The company believes in the market,†Tamir Rankow, director of Hoffmann Family of Companies, told the Post-Dispatch. “It’s another example of a first-class opportunity with a company who’s been in the business for a long time. There is synergy and opportunity for both sides.â€
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The deals add to Hoffmann’s cohort of transportation operations as the company works to grow its portfolio of business services.
JED and Corporate Transportation join Mid-American Coaches of Washington, Missouri, and Naples Transportation and Tours and Palm Beach Tours and Transportation, both based in Florida.
Rankow said the company plans to continue the investment and growth in black car services. In a press release Friday, the company said it has signed a letter of intent to buy Michigan’s largest transportation provider, which the company has chosen to not yet disclose.
Vince Schneider, chief managing member of the JED companies called the purchase a “once in a lifetime opportunity.â€
“Our associates from JED Transportation, Counts Auto Body, Henry’s Tire and Auto, GEM Transportation and Presidential/Kelly’s Limousine have an incredible future previously unavailable to them,†Schneider said in a March news statement.
Founder of HF Companies David Hoffmann and his wife, Jerri, are based in Naples but are natives of Washington, Missouri. The company began buying land and wineries in Augusta three years ago in an effort to raise the profile of one of Missouri’s oldest wine regions.
The company also has plans to spend over $100 million to construct hotels, a convention center, golf course and five star restaurant in Augusta, though it has recently experienced some setbacks.