U.K.-based premium car service Addison Lee
reported $484 million in revenue for the fiscal year ending Aug. 31, 2017, up
31 percent from the previous year. Adjusted EBITDA rose 3.2 percent to $81
million. The growth tracks with Addison Lee's recent acquisitions of Tristar
Worldwide and Flyte
Tyme, its expansion into the U.S. market and its strong performance in its
London market. Addison Lee executives expect the company to double in size within three years through
organic growth and acquisitions. It reported 23 percent revenue growth for the
first quarter of its 2018 fiscal year, during which time the company added executive
car booking service in the 100 cities in which it operates.