Wipfli Corporate Finance Advisors LLC (WCF) is pleased to announce the successful sale of its client, Skyline Shuttle, Inc. (Skyline), to Groome Transportation (Groome), a family owned Richmond, VA, based provider of transportation services, including airport shuttle and charter services.
Skyline, headquartered in Duluth, Minnesota, began operations in 2007, and is a regional leader of airport shuttle services. The company serves the Duluth area, and provides transportation to the Minneapolis airport, Mall of America, Grand Casino Hinkley and the state capitol.
"We are proud to have worked with David Clark, the owner of Skyline Shuttle, on this important transaction," said Jeff Milkie, WCF's Managing Director and Investment Banking Practice Leader. "As Skyline’s exclusive financial advisor, we believe we were able to maximize results and assist in a smooth transition to Groome."
Financial terms of the transaction were not disclosed.
"WCF's experience in negotiations, and similar transactions, was very beneficial as we proceeded down this path with Groome," said David Clark. "I want to thank Jeff Milkie, Karen Monfre and Mike Hirschberg of WCF for their hard work in bringing everything together."