No Merger for Olympus and Signature

Tampa Bay, Fla. — The planned merger between Olympus Limo and Signature Transportation Group that was announced in September is no longer moving forward, according to Olympus CEO Ted Koutsos.

"We had been in discussions for over 9 months on how to make this seamless and equitable for both companies. Unfortunately, the timing is not right for the merger to become a reality,” said Koutsos. "Since starting Olympus Limo in 1996 we have grown to be the largest provider of luxury transportation on the West Coast of Florida, and I am fortunate to have an excellent team in place that manages our three brands. We will continue to focus on our strategic growth initiatives for Olympus Limo, LaLiberty Sedan & Limousine, and All Access Transportation in the Tampa Bay market. In addition, we will continue developing our worldwide affiliate relationships, using technology to improve efficiencies and perfecting the clients’ experience.”

While Olympus Limo and Signature Transportation Group will not be coming together under one umbrella, the two companies will continue operating as trusted affiliate partners servicing the needs of Central Florida. In addition, with both companies striving to provide superior service to their clients by following duty of care obligations and offering new premium vehicles, the shared corporate culture will continue to be the catalyst for success between the two.

Visit olympuslimo.com for more information.

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