On Jan. 8, 2018, Groome Transportation closed on an equity investment by Cortec Group. Groome Transportation is a leading specialty ground transportation provider based in Richmond operating across 12 states in both the airport shuttle and closed-loop campus shuttle markets. Cortec Group focuses on investing in family/entrepreneur-owned specialty service businesses. Williams Mullen represented Groome thoughout the deal process, which included a pre-closing reorganization with multiple subsidiaries in multiple states. The team included Beth Hungate-Noland, Conrad Garcia, Jenny Connors, Judy Bristow, Christina Edwards, Bobby Hamlett and Ned Turnbull, among others. Click below to read an article on the investment from Richmond BizSense. To read a press release on the investment, click here.
Richmond BizSense: Groome hitches ride with NY investment firm