Carey International is the world’s leading provider of premium chauffeured vehicle services through a worldwide network of owned and operated companies, licensees and affiliates serving more than 550 cities in 60 countries. As the premium brand in the industry, Carey is recognized worldwide and is synonymous with high-quality chauffeured vehicle services.
With no direct competitors offering comparable global service coverage or pursuing a significant acquisition program, Carey is well positioned for continued revenue and profit growth.
In connection with the going-private transaction closed in September 2000, Chartwell and Carey management arranged for a strategic partnership with an investment from Ford Motor Company. In October 2007, Avis Budget Group made an investment in Carey for a significant minority position. Proceeds from the investment were used to reduce leverage and facilitated a refinancing of the balance sheet. As a result of these transactions, Carey gained synergistic operating partners and significant organic and strategic growth opportunities. Chartwell maintains a minority investment in the Company.