Rotala has as acquired Fylde Coast-based Elite Minibus and Coach Services Limited, trading as Elite, for a cash consideration of £200,000. The deal includes its entire business, brand and six-strong vehicle fleet.
The business, with its small number of existing staff, will be integrated into the outstation which Rotala already operates in Blackpool through its subsidiary company, Preston Bus Limited.
In a statement, Rotala said: “It is estimated that the Elite business has annual revenues of approximately £500,000 and that its vehicle fleet has a fair value of approximately £150,000. Rotala will not assume any other assets or liabilities of any materiality on acquisition. On this basis, it is expected the acquisition will generate about £50,000 of positive goodwill on consolidation.
“Elite is a well-established operator of contracted services for local authorities and schools in the Blackpool area. It also has a successful private hire arm.
“This acquisition will broaden the range of services which Preston Bus is able to offer in this area of Lancashire and add to its geographical reach. The acquisition is expected to be earnings-enhancing from completion.”
