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HighBank serves as exclusive financial advisor to Celebrity Limousine Service, Inc. on obtaining senior debt financing from Fulton Bank N.A.

April 21, 2015

HighBank Advisors (“HighBank”), a Baltimore, Maryland based middle market investment bank, announces that it served as exclusive financial advisor to Celebrity Limousine Service Inc. (“Celebrity” or the “Company”) in securing senior debt financing from Fulton Bank, N.A. 

Terms of the transaction were not disclosed.

Celebrity is a Malvern, Pennsylvania based luxury transportation company serving the greater Philadelphia and Wilmington metropolitan areas and includes affiliate companies in over 450 cities worldwide. The Company offers a range of transportation options, from luxury sedans, SUV’s, limousines and sprinters, to luxury motor coaches.  Celebrity also offers private chartered jet and travel planning services. Celebrity’s commitment to providing a new, first class fleet of vehicles with courteous, professional drivers has helped it become a market leader in the region for over 25 years.

"The HighBank team was tireless in their efforts to help guide us through this process. Their expertise led us to an excellent outcome that will infuse our business with the financial resources needed to grow and continue to provide our customers with the excellent service to which they are accustomed,” said Dennis Adams, CEO and President of Celebrity.

Karl Buettner, Managing Director at HighBank, stated, “It was a pleasure to work with Dennis and the Celebrity team.  By securing capital, Celebrity can focus on growing its business and continuing to expand its market share in the Philadelphia and Wilmington areas.”

About Celebrity Limousine Service Inc.

Celebrity Limousine Service, based in Malvern, Pennsylvania is a leading provider of luxury transportation services.  As one of the region’s largest and most respected limousine and luxury transportation companies, with a fleet of over 45 vehicles including sedans, limousines, luxury SUVs, sprinters and full-size luxury motor coaches, Celebrity has built its business by providing customers with world class vehicles chauffeured by courteous well-trained and professional drivers for corporate travel and special events. For more information, visit www.celebritylimo.com

About Fulton Bank N.A.

Fulton Bank, headquartered in Lancaster, Pennsylvania serves the banking needs of both retail and business clients across its footprint covering Delaware, Pennsylvania and Virginia. Fulton has 115 offices and 136 ATMs from which to serve its customers.  Fulton provides retail and business banking services from cash management and treasury tools to loan products as well as investments. For more information, visit Fulton Bank at www.fultonbank.com

About HighBank Advisors LLC

HighBank is a full service mid-market investment bank and financial advisory firm. Headquartered in Baltimore, Maryland with regional offices in Philadelphia, Pennsylvania and Raleigh, North Carolina, the firm provides advice on mergers and acquisitions, raising capital, exit and transaction planning, business valuations, fairness and solvency opinions, loan workouts and debt restructurings, and distressed asset sales. HighBank was formed on a mission that our clients and our people deserve to have their highest expectations met and to receive higher value for their investments of money and time.  For more information, visit www.highbank.com.

All investment banking services are provided by HighBank Securities LLC (“HBS”), a registered broker-dealer and member of FINRA www.finra.org and SIPC www.sipc.org. HBS is a wholly-owned subsidiary of HighBank Advisors.