Tristar Worldwide Chauffeur Services Acquisition Of M7 Worldwide Transportation

TriStar Worldwide Chauffeur Services has acquired M7 Worldwide Transportation, a premium ground transportation company, based in Burlington, Massachusetts.

The combined entity further enhances TriStar’s leadership position in the meetings and roadshow segments while providing an enhanced platform for the growth and diversification of TriStar’s business globally.Thames Valley KPMG acted on behalf of the Board of TriStar on the deal, with Adrian Dray, Partner, and Head of KPMG Corporate Finance in the Thames Valley, leading the team, assisted by Ed Wirgman, who has previously advised the management team and has known them since 2007.

KPMG are also the Company’s auditors.  Ed commented: “TriStar is now a long-standing, important client of KPMG and we were delighted to be able to assist the Board on this transaction. We look forward to supporting TriStar in the future as they continue to grow what has become a truly global business and brand.”KPMG also led the tax due diligence and tax structuring portions of the deal, with Richard Geoffroy (pictured), Partner, KPMG Mergers & Acquisitions Tax leading the team, he commented:

“Our tax due diligence efforts focused identifying and mitigating any historical tax liabilities that may have carried over to TriStar.  Our tax structuring efforts focused on balancing TriStar’s business needs with tax efficiency.  Of particular interest to TriStar was the location of the new U.S. assets within the existing TriStar U.S. group.” William R. Chaff, Partner of Lopez, Chaff & Wiesman Associates, Inc. for 26 years led the team, assisted by Catherine Gable, Principal and Brenda J. Soucy, Senior Accountant.

Chaff commented: “Our firm played a key role on providing due diligence and guidance on the structure and terms.  Our representation was on both side of the transaction.  We have had a business relationship with M7 Transportation for over 5 years TriStar Worldwide Chauffeur Services for over 6 years.  We look forward to continuing to provide our services to TriStar in the years to come”