Motor coach division driving growth at Pinnacle Car Services
by September 19, 2017 10:26 am 939 views
Pinnacle Car Services Inc. bought its firs two motor coaches, each with room for 54 passengers, in April 2016. The company now has nine of them, founder and CEO Jeff Wright said.
In April 2016, Pinnacle Car Services Inc., an executive car service and charter company headquartered in Rogers, acquired its first two motor coaches.
Today, the company has nine of them, each with room for 54 passengers. In response to the growth, founder and CEO Jeff Wright has acquired a bank-owned commercial property in Springdale as a base for the company’s motor coach fleet.
“It’s our fastest-growing division,” he said.
Wright paid $1.15 million for three industrial buildings on 9.79 acres at 1695 Electric Ave. Centennial Bank of Conway provided financing with a $1.08 million mortgage.
The property had been bank-owned for more than seven years, and was previously occupied by Basic Block Group. The construction services company was owned by Gary Combs, a former northwest Arkansas real estate developer who died from cancer-related complications in August 2012.
Wright, a board member for national trade publication Limousine, Charter & Tour magazine, said the motor coaches, five mini-coaches (29 seats) and three limousine buses (25 seats) make up Pinnacle’s motor coach division. He expects the Electric Avenue location to be operational in about 30 days, which will centralize the motor coach operations from multiple locations throughout Benton County.
Pinnacle was founded in August 2005. The company has a fleet of 40 vehicles and 95 employees.