Century Park Capital Partners is pleased to announce the recapitalization of Ryan’s Express Transportation Services, Inc. (www.ryansexpress.com), a leading provider of premium motor coach and chauffeured transportation services. The rapidly growing company has over 120 motor coaches and livery vehicles serving Las Vegas (headquarters), Los Angeles, Orange County, San Diego, Phoenix and Tucson.
Ryan’s Express operates the highest quality, late-model equipment available within the industry and is recognized for its high standards of excellence. The company’s customers include domestic and international tour groups, destination management companies, hotels, resorts, high net-worth individuals, school clubs, travel agencies and government agencies.
“We are extremely excited to be Ryan’s Express’ partner,” noted Martin Jelenko, one of the managing partners of Century Park Capital Partners. “Mike Haggerty has done a superb job of building a best-in-class niche business with tremendous growth opportunities. The transaction exemplifies our strategy and philosophy of partnering with owner/operators with whom we see eye-to-eye, both as business partners as well as friends.”
Century Park’s investment in Ryan’s Express is structured as a minority recapitalization which provided growth capital and enabled the company’s founder to diversify his personal net worth. The growth capital provided by Century Park Capital Partners will enable the company to fulfill its strategic expansion plan, which includes key acquisitions as well as organic growth in the geographies presently served.
“From the outset, Century Park Capital impressed me with their genuine interest in Ryan’s Express and their understanding of my personal goals,” said Mike Haggerty, founder and CEO. “They have an uncanny ability to provide valuable guidance on strategic issues without interfering with the daily operations of the business. In a short amount of time, they have contributed greatly to the infrastructure of the company’s management and systems, resulting in accelerated growth in revenues and profits.”
Century Park Capital Partners is a Los Angeles-based private equity firm that partners with owner/managers to build successful companies. The firm specializes in facilitating owner liquidity and business expansion by providing $10 million to $50 million equity investments for minority and majority recapitalizations, growth financings, management-led buyouts and acquisition financings. More information on Century Park Capital Partners can be found atwww.centuryparkcapital.com.