A team of Cole Schotz corporate, tax and litigation attorneys assisted in the formation of the world’s second largest chauffeured transportation company, GTS Holdings, Inc. (“GTS”) through a combination of the assets of limousine industry leaders Empire International Ltd. and CLS Worldwide Services, LLC.

As part of this transaction, Cole Schotz attorneys used their combined knowledge to successfully negotiate various corporate and tax agreements, while, at the same time, resolving a dispute among the shareholders of Empire International Ltd.

In addition, Cole Schotz attorneys were also extensively involved in the negotiation of a $28 million loan facility as well as the recasting and assumption by GTS of $20 million in other debt. Cole Schotz attorneys continue to be called upon by GTS and its subsidiaries to provide their legal expertise in employment, leasing, finance and general corporate matters.