Ambitious taxi group Take Me has added another company to its growing portfolio, with the addition of Plymouth-based Tower Cabs.
The £1.8 million deal has been funded by Take Me managing director David Hunter and fellow director John Gardner. It is not part of the ongoing funding agreement with MBH Corporation, which has bankrolled much of the Take Me expansion over the past few months.
Tower Cabs was established in the 1980s by Peter Bresland (pictured right, with Take Me’s John Gardner), currently has around 160 cars. Describing the deal as “an exciting new development in the Tower Cabs story”, Bresland said: “To enable us to move forward and face the challenges of the post-Covid world, we are joining forces with the Take Me group of companies.”
In a letter to staff, Bresland continued: “The group offers driver incentives, including cheaper insurance and car replacement finance. This collaboration will enable us to reach new heights and take Tower Cabs to a new level while re-establishing our position as the premier cab company in Plymouth. There will be lots of exciting developments in the next few months and we want you all to be part of the journey.”
David Hunter said: “The company had more acquisitions in the pipeline to be announced in the near future, following the additions already this year to the group of ADT Taxis, Steve’s Taxis, VGT Taxis, Westside Taxis, Intercity Private Hire, and TC Cars.”
He added: “It is exciting times at Take Me as we keep adding brilliant local businesses to our network fleet. Together we can bring our skills and infrastructure from being a national brand but build on the local expertise of these amazing, well-established taxi operators. It seems to be a great combination, and we are already working on adding to the network over the summer.”