Private Equity Firm to Bring Stability and Renewed Focus to Online Marketplace for Ground Transportation
October 6, 2015 – DENVER, CO – The Stage Fund, a control based privately held firm, today announced it has completed the acquisition of Limos.com out of San Francisco.
Limos.com is the largest online marketplace for people to search, compare and book scheduled private car services. Whether searching for airport car service or group transportation for special occasions, Limos.com gives business and leisure travelers easy access to thousands of affordable and dependable drivers worldwide.
“We are excited to add Limos.com to our current portfolio. The company is in a business cycle that fits our model perfectly,” said Daniel Frydenlund, chairman and founder of The Stage Fund. “This is a strategic investment and a significant opportunity for the Stage Fund to refocus, stabilize and reenergize a company challenged by the changes in the ground transportation industry.”
“As we pursue more profitable lines of business, strategic partnerships and operational synergies in the months ahead, we look forward to working with the Limos.com team to drive sustainable revenue growth,” Frydenlund added.
About The Stage Fund
The Stage Fund, headquartered in Denver, CO with strategic offices in San Francisco and New York, was founded in 2009. We specialize in acquiring businesses that are undergoing change in capital structure, strategy, operations or growth and can benefit from our operational and capital approach. We target companies that have reached a point in their life cycle presenting an opportunity for transformation.