Transport and accommodation solution provider CMAC Group has acquired Birkenhead-based taxi firm Cabfind.
Founded in 2006, CMAC employs 120 people across its head office in Accrington and base at Manchester Airport.
The new group will have revenues in excess of £50 million.
CMAC has acquired Cabfind, which was established in 2002, from French-based international private public transport operator Transdev.
Steve Turner, chief executive officer of CMAC, says: “The acquisition of Cabfind continues our growth strategy and expands our range of transport solutions.
“There are many complementary products and services across the two companies and we look forward to supporting Cabfind’s customers with a greater focus on technological innovation and customer support, providing a seamless travel solution for customers.”
Lee Wasnidge, managing director of Cabfind, adds: “It was important for both Cabfind and Transdev to find a new parent company who shared our strategic vision and would provide Cabfind with the opportunity to flourish and compete in a very aggressive market.
“I am delighted to say we have found that appetite from CMAC.”
The deal was advised by Seneca Partners and Napthens Solicitors.