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Hoffmann Family Acquires CTS Aspen, the Area’s Largest & Premier Ground Transportation Provider

July 19, 2024

Aspen, CO (July 19, 2024)—The Hoffmann Family of Companies (HF Companies) announced today the acquisition of CTS Aspen (CTS), the leading luxury ground transportation vendor based in Aspen, Colorado. CTS operates 24/7, 365 days a year, with a fleet of multiple vehicles, including SUVs, minibuses and mini coaches. This strategic acquisition further strengthens HF Companies' Transportation Division, expanding its reach as a nationwide vendor in the transportation industry.

CTS handles weddings, corporate and special events, solidifying its reputation as the premier provider of transportation consulting, planning and execution in Aspen and beyond. Throughout its years and changes in ownership, CTS has transformed from a typical black-car transportation provider into a comprehensive event support transportation company, boasting one of the highest revenue-to-mileage ratios in the industry.

Tamir Rankow, Director of HF Companies, commented, "CTS is a great addition to our family of companies and will continue to support our other Aspen-based destination management company, RMC DMC, as well as all luxury transportation and logistical needs in the highly affluent Aspen area.”

CTS Aspen holds a dominant market share locally, with over 90% of inquiries coming through referrals via phone and email. Conveniently located across from ASE/Pitkin County Airport, the organization is perfectly positioned to reliably meet transportation needs, especially for airport transfers.

For more information about the Hoffmann Family of Companies and its recent acquisitions, please visit HFCompanies.com.

About Hoffmann Family of Companies 

Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 100 global brands, and employs 11,000 employees with businesses located in 30 countries and 400 locations around the world. Hoffmann Family of Companies’ verticals include Aviation, Agriculture, Financial Services, Hospitality, Business & Professional Services, Industrial, Manufacturing, Marine, Media & Marketing, Real Estate, and Transportation. For more information, visit: www.hfcompanies.com.

About CTS Aspen

CTS Aspen is a premier ground transportation provider based in Aspen, Colorado. Operating 24/7, 365 days a year, CTS Aspen boasts a fleet of 18 passenger vehicles, including SUVs, mini buses and mini coaches. Established in 1987, the company has successfully handled over 600 weddings and 900 corporate and special events, earning a reputation as the leading provider of transportation consulting, planning and execution in the Aspen area and beyond. For more information, visit: www.limousines-of-aspen.com.

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