Cambridge Cab Incorporated recently announced that President Peter Brown has reached an agreement to sell the company to Floyd Cox of Isanti, Minn.
“I am very pleased that Floyd will become the new president of Cambridge Cab. We have been working for a few months to put this together and it has become reality,” Brown said.
Cox has been driver for Cambridge Cab and has learned the business and customers well. He is very knowledgeable and very conscientious which should serve the passengers of the company well. Cox is a military veteran and has many years of operating a family taxi service in Illinois.
“He will make an excellent owner,” said Brown. “Floyd puts extra effort in making sure that the customers are his number one priority.”
The change of ownership should be complete by the end of January. Terms were not disclosed.
About Cambridge Cab Inc.
Cambridge Cab was started in 2003 and quickly grew to be the premier taxi service in the Cambridge – Isanti area. In 2005 they were a founding partner of the Safe Cab program that has given free or low cost rides home to more than 7,000 passengers in an effort to reduce DWI deaths and arrests. They also provide delivery services and airport transportation.