Attorney confirms cab exec’s link to likely buyer
An attorney confirmed Tuesday that James Campolongo — the current general manager of Pittsburgh Transportation Holdings Inc. — is part of YC Holdings, the company trying to buy Yellow Cab and other Pittsburgh Transportation assets from Stagecoach Group.
“(H)e’s involved, but I think everybody knows that already,” said Ray Middleman, an attorney with Wexford-based Malone, Larchuk & Middleman PC who is representing YC Holdings in Pennsylvania Public Utility Commission proceedings regarding the sale.
“Let’s just say he’s been running the company for 10 years,” Middleman said. “I think that’s all we’d want to say at this point.”
Pittsburgh Transportation is a unit of Houston-based Coach USA and operates Yellow Cab, Checker Cab, Cruiser Cab, Airport Limousine, Embassy Coach and Pittsburgh Airbus and Express Shuttle USA. In December, Coach USA’s parent, Stagecoach Group PLC of Perth, Scotland, announced plans to close half of Coach USA’s North American holdings.
On Monday, Pegasus Transportation Holdings Inc. filed a protest of the sale with the PUC. The protest questioned a PUC decision to honor Middleman’s request to keep the principles of YC Holdings confidential throughout the proceedings and questioned how the public could know if YC Holdings was fit to operate a public utility if that information wasn’t disclosed.
Yesterday, Middleman declined to name other people involved with YC Holdings.
“I’m not trying to be (difficult) about this,” he said. “But we’re trying to close this transaction.”
The Pegasus protest also questions the track record of Pittsburgh Transportation under its current management. The protest notes that the company has “incurred more Commission enforcement and has been subjected to more fines” than any other Pennsylvania motor carrier.
Pegasus is a four-year-old competitor of Pittsburgh Transportation and offers limousine service. James H. Joseph, Pegasus’ managing director, declined comment yesterday.