San Francisco, July 27, 2015
Loop Transportation, Inc. and SFO Shuttle, Inc., currently operating as Loop, jointly announced today the acquisition of both organizations by Hallcon Corporation with corporate offices in Toronto, Ontario and Lenexa, Kansas.
The acquisition will enable the family-owned, forty-year-old transportation services company to expand its industry-leading commuter bus services beyond the Bay Area to markets across the country. Loop operates the eighth largest private bus fleet in the United States and provides private employee commuter bus services to tech giants such as Google, Facebook, Apple and LinkedIn. In addition to employee commuter services, Loop also operates airport shuttles at San Francisco International Airport and Oakland International Airport.
“Loop is delighted to be joining forces with the Hallcon team,” said Loop CEO, Jeff Leonoudakis. “This partnership will allow Loop to leverage Hallcon’s financial and operating strength to more effectively grow employee transportation solutions throughout the San Francisco Bay Area and beyond.” The commuter transportation industry has grown 87 percent in the Bay Area over last three years alone, and sustained growth is forecasted for the foreseeable future. Entering the commuter bus services business with eight vans four years ago, Loop now has over 300 shuttle buses and vehicles and transports over 29,000 people per day. The acquisition by Hallcon is vital to maintaining Loop’s position as the industry leader and will enhance its ability to respond more quickly to evolving needs and growth opportunities in a way that continues to set Loop apart from its competitors.
Hallcon CEO, Tony Plut, commented, “We are bringing together two great companies, each with outstanding records of best-in-class service in their respective markets, creating a stronger and more strategic North American transportation services company.” Hallcon provides comprehensive outsourced solutions for rail, oil and gas, mining and airline employee transportation. Loop adds a large format bus solution to the Hallcon service platform, significantly enhancing the ability to provide innovative employee transportation solutions for its clients throughout North America. Hallcon and Loop will continue to operate under their existing brands and will maintain individual operating teams to ensure a seamless transition for their clients and employees.