Through a signed LOI, the Hoffmann Family of Companies (HF Companies) will acquire the JED Transportation Group of St. Louis, the largest transportation provider in the St. Louis metropolitan area.
Since its founding in 1967, JED Transportation has grown to become the largest and most respected luxury transportation provider in St. Louis, Missouri. Focused primarily on corporate, airline crew, sports teams, universities, and wedding transportation logistics, the JED full fleet of over 70 vehicles including sedans, SUVs, Vans, Mini-buses, Coaches, School busses, and limousines, meets all the needs of diverse customer base.
“Aligning the JED Brand with the Hoffmann Family of Companies is a Once-in-a-Lifetime opportunity” says Vince Schneider, Chief Managing Member of the JED Companies. “Our Associates from JED Transportation, Counts Auto Body, Henry’s Tire & Auto, GEM Transportation & Presidential / Kelly’s Limousine have an incredible future previously unavailable to them and our Clients are going to benefit from the expanded services we will now be part of, with The Hoffmann Portfolio of companies. It’s truly a Win-Win”.
JED Transportation joins a growing portfolio of HF Companies in the Business Services sector aimed at providing a one-stop solution for corporations and event planners. In the St. Louis market, JED Transportation will join together with Mid-American Coaches out of Washington, Missouri, and nationally with Naples Transportation & Tours headquartered in Naples, and Palm Beach Tours & Transportation in Florida, providing access to an already vast global network of HF Companies partners.
“Vince and Rick are two seasoned executives that will bring their skill sets to the Hoffmann Family of Companies whereby we will all benefit from economies of scale, employee and vehicle sharing with our other transportation company Mid-American Coaches, as well as common and augmented automation solutions, yielding all of us in the transportation vertical cost savings, efficiencies and better service to our clients in Missouri,” said Randy Smith, Transportation Vertical Co-Leader
The HF Companies Business Services portfolio is continuously growing with a focus on becoming a $1 billion entity by Q4 2023.