CMAC announces new chairman and acquisition

CMAC Group, the ground transport and accommodation company, has appointed of Denis Wormwell as chairman as it takes revenues beyond £50m with a new acquisition.

CMAC Denis Wormwell

Denis was previously CEO of Shearings Leisure Group, the specialist operator of escorted tours and leisure hotels. After joining the business in 2007, he led a buyout of the group in 2014 before successfully selling in 2016.

Before Shearings, he held various senior roles including CEO of National Express. He is also chairman of Visit England and a non-executive director of the British Tourist Authority.

Steve Turner, chief executive officer at CMAC, said: “We’re thrilled to welcome Denis to CMAC. His experience and knowledge will be vital at a time of rapid growth at CMAC and will ensure that we remain fully focused in all our business areas as we continue to expand.”

Denis added: “I'm delighted to be joining CMAC at such an exciting time for the business. They have a great team, fantastic technology and have grown to be one of the leading travel solutions businesses in the UK. They have ambitious plans for the future and I am looking forward to being part of the next stage of their journey."

CMAC also announced the acquisition of Merseyside-based managed taxi specialist Cabfind from Transdev, which will bolster the firm's ground transport offer.

Cabfind was established in 2002 and has grown into one of the UK’s largest suppliers of corporate managed transport. In 2015, it was acquired by Transdev. Today, it employs 120 people across two sites in the UK.

Steve Turner added: “The acquisition of Cabfind continues our growth strategy and expands our range of transport solutions.

“There are many complementary products and services across the two companies and we look forward to supporting Cabfind’s customers with a greater focus on technological innovation and customer support, providing a seamless travel solution for customers. We’re really excited about the opportunities that the expanded group bring to our customers, suppliers and colleagues.” Deal was advised by Seneca Partners and Napthens Solicitors