|TMS Sells Cruise Services Division to Intercruises; Renews Focus on Events Business|
June 2nd, 2011
Sandy Spring, MD – Transportation Management Services (TMS), a worldwide provider of transportation logistics solutions, today announced the completion of the sale of its cruise related businesses to Intercruises Shoreside & Port Services, a global provider of ground handling and port agency services to the ocean and river cruise industry.. The TMS companies sold to Intercruises include TMS Gateway, Inc., TMS Gateway Tours, Inc., and TMS Anchor, Inc. These three divisions provide port agency, ground handling, and tour programs to all the major cruise lines in North America - primarily on the West Coast, Gulf Coast and in South Florida. The senior management of the cruise related business will remain in their existing roles, joining the Intercruises team. Post transaction, TMS plans to renew its focus on internal and external growth opportunities for its core business of servicing convention events, special events, government, and international events.
TMS entered the cruise industry six years ago and has become the second largest provider of cruise related transportation solutions in North America during that period. Over the course of the last year, TMS has been undergoing a review of its growth plan and decided to concentrate its growth efforts on its core businesses. Frank Sherman, President and CEO, states “This allows us to get back to our roots – delivering transportation for events – while providing a great new home where our cruise business can grow and prosper.”
While TMS has long been the leader in convention events, international events and government services, the company looks to deepen its penetration into additional markets such as medical shows, large sporting events, and into several geographic markets. Divesting the cruise business will allow TMS to sharpen its focus through its experienced management team and financial resources to meet these objectives.
About Transportation Management Services (TMS)
Transportation Management Services, Inc., (TMS) is the world-wide leader for delivery of complex transportation solutions for larger events. TMS specializes in design, planning and operation of transportation programs for conventions and tradeshows, major international sporting events, and the cruise line industry. TMS also provides emergency evacuation support for FEMA and state governments. With experience in North America, Africa, Europe and the Middle East, TMS is responsible for the successful planning and management of transportation efforts at over 100 major events annually, and has moved over 33 million passengers for over 900 clients throughout its 16 year history. See www.tms.com for more information.
About Intercruises Shoreside & Port Services
Intercruises Shoreside & Port Services is an experienced global business offering first class ground handling and port agency services to the ocean and river cruise industry. Teams committed to service and dedicated to clients provide local insight and practical knowledge that is enhanced by global expertise and presence. Intercruises Shoreside & Port Services is part of the Accommodation & Destinations Sector of TUI Travel PLC.