Addison Lee two wheel bike couriers, Michael McLegend & George Robert Skinn receive their National Courier Awards from IOC President Lord Patrick McLoughlin and IOC Vice President Sir John Hayes.

Liam Griffin - ‘I’m pleased to announce that Addison Lee is joining forces with ComfortDelGro, a leading multi-modal mobility operator who are acquiring Addison Lee. With huge expertise gained through their operations in 12 countries and a global network of over 40,000 vehicles, we are confident they are the perfect complementary partner to drive our next phase of growth and guide our expansion beyond London and the UK. They share our philosophy, vision, and ambition for the Addison Lee brand.’

IOC fellow, Patrick Gallagher comments - Patrick Gallagher comments, ‘Well it has been quite a journey to date with lots of twists and turns...... On top of the challenges the business had suffered under previous ownership, taking over on the day Lockdown was announced in March 2020 added a whole new dimension! Addison Lee is an institution for London travellers and it honestly was a privilege to support Liam Griffin turning this business around by putting our customers, drivers and couriers at the forefront of our efforts. Addison Lee has another wonderful chapter ahead and we now all look forward to realising these opportunities with our new custodians, ComfortDelGro.’

Addison Lee sells from a consortium led by chief executive Liam Griffin and Cheyne Capital. Addison Lee, the UK-based private-hire taxi and courier company, has agreed to be bought by Singapore-listed transport conglomerate ComfortDelGro in a deal valuing the business just short of 270 million. .ComfortDelGro, a multinational company with operations ranging from rail to taxis and London buses, is buying. Private equity group Carlyle bought the business from the Griffin family, Addison Lee’s founders, for £300mn in 2013. The purchase came just as ride-hailing apps were beginning to shake up the London market. Griffin, the son of Addison Lee’s founder, bought the business back in 2020 “at a significant discount” to the £300mn as part of a consortium of investors led by Cheyne Capital. The owners restructured the business and refocused it on London’s premium and corporate customers. The deal for ComfortDelGro is to be done through its UK subsidiary CityFleet Networks. The combined group’s taxi and private hire network will consist of almost 35,000 vehicles globally. The transaction marks the third change of ownership in just over a decade for Addison Lee, as the London taxi market has been disrupted by ride-hailing apps such as Uber, as well as the Covid-19 pandemic.