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Greg Reed, owner of Emerald City Limousine with BMW 740Li purchased from BMW of El Cajon San Diego — When the era of the Lincoln Town Car, the industry’s workhorse for two decades, came to an end a few years ago, Greg Reed struggled with what vehicle would eventually replace those in his fleet.
Reed, owner of Emerald City Limousine in San Diego, Calif., said that many of the vehicles he looked at all had downsides such as aluminum engines, lack of legroom, undersized seats, and more. After an exhaustive search, Reed decided to go with the BMW 740Li, which he purchased from BMW of El Cajon.
Reed took advantage of the new livery package offered by BMW. "Not only is BMW the ultimate driving machine, but it provides a superior comfort for the rear seat passenger that our clients deserve," said Reed.
Earlier this month, Emerald City took delivery of its first two 740Li models, and Reed is already planning on adding more. “The response from our most discerning clients has been all positive,” he said.
Visit citylimousineservices.com for more information. Visit bmwofelcajon.com for more information about BMW’s livery package and all available BMW models.
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New York — Macquarie Group Limited recently announced that it will acquire Advantage Funding Management Co. (Advantage Funding) from Marubeni America Corporation. Under the agreement, Advantage Funding will become a fully owned subsidiary of Macquarie’s Corporate and Asset Finance group (CAF).
Advantage Funding is a leading provider of transportation financing and leasing solutions servicing commercial and vehicle operators, dealers, and manufacturers. Their solutions allow for the acquisition of tow trucks, ambulances, paratransit vehicles, coaches, limousines, and vocational trucks across municipal and industrial operations. Advantage Funding is based in Lake Success, N.Y., and was founded in 1997.
CAF Group Head Garry Farrell said: “This transaction complements our existing leasing portfolio with a commercial vehicle finance platform in the U.S. Advantage Funding has a demonstrated track record of client satisfaction and strong operational performance. The acquisition builds on the strong growth of CAF’s global leasing business.”
Advantage Funding’s CEO Al Damiani said: “We look forward to working with Macquarie to provide our customers with a broader range of transportation financing solutions and product capacity. Macquarie’s complementary leasing and financing expertise will help us expand our service in U.S. markets and position us to further support our clients’ continued growth.”
The transaction is expected to close in mid-2015, subject to customary closing conditions.
Visit advantagefund.com for more information.
[CD0515]
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Frank Moss, Affiliate Director of United Worldwide Boston — UnitedWorldwide of Boston recently announced the addition of Frank Moss as the company’s new affiliate director. Moss’ duties include managing an international network of affiliates, developing partnerships, and recruiting operators to service UnitedWorldwide’s ever-growing global presence. This is a new position for the company.
Moss joins founders Terry Murtaugh and Jason Dornhoffer along with Vice President of Business Development Katie Losito in managing the company’s rapid growth. He brings nearly 30 years of industry experience, most recently serving as director of global operations for a Chicago-based provider.
“We are delighted to welcome Frank Moss as UnitedWorldwide’s first affiliate director,” said Murtaugh, CEO. “Frank brings not only a successful background and tremendous experience, but valuable relationships that will greatly improve our service capabilities.”
Moss previously held various positions in the industry, which have greatly added to his expertise. He started as a chauffeur, later a dispatcher, and held positions in reservations and accounting. He began building a network for domestic and international travel for his clients in 1999, which eventually led him to focus his career on working with affiliates and partnerships.
“I am very happy to be back in Boston, a city I very much belong to. To be joining UnitedWorldwide with Terry and Jason is truly exciting. It’s a perfect match. I’ve watched this company’s growth from the beginning, and it’s a great time to come onboard.”
Visit unitedprivatecar.com for more information.
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