Leros Transportation Group, a provider of chauffeured transportation and logistics services, announced the acquisition of Park Avenue Limousine, a transportation company based in Pennsylvania.
This strategic acquisition, according to an announcement, will significantly enhance Leros’ market presence in the Northeast and further strengthen its ability to provide exceptional service to its clients. Park Avenue Limousine was founded in 1987.
Jeff Nyikos, CEO of Leros, said the acquisition “represents a significant milestone for Leros as we continue to expand our footprint in the chauffeured transportation industry.” He said it “allows us to serve a broader client base and reinforces our dedication to providing seamless, reliable transportation solutions.”
Michael Basso, COO of Leros, added: “Park Avenue exemplifies everything we look for in an acquisition partner: diverse revenue streams, a strong commitment to safety, and unwavering service integrity. This addition will create an even more competitive organization and position us for future growth.”
Alan Candeub, president of Park Avenue Limousine, said: “This partnership allows us to enhance our service with greater resources and reach. We are confident that this will be a positive step for both our clients and our team.”
As part of the acquisition, Park Avenue Limousine will now be known as Park Ave Worldwide. Briana Candeub and Chelsea Lazar will be spearheading operations and sales in the Pennsylvania market.
Leros, headquartered in Valhalla, New York, is a provider of ground transportation services, including corporate travel, airport transfers, shuttles, and meetings and events.