Thu, 17 Aug 2023 | BUSINESS SALE
Bradford-based logistics firm Expect Distribution has expanded in the South of England with the acquisition of a Colchester-based company. Expect’s acquisition of Pallet Plus Ltd reflects an ongoing trend in the logistics sector for firms to use M&A to boost their geographic presence.
Expect Distribution, which has been operating for over 30 years, is a contract logistics firm providing services in the haulage and warehouse industries. Since an MBO in 2021, the company has grown to have annual turnover of over £50 million and a workforce in excess of 350 staff.
The acquisition of Pallet Plus, a palletised freight services provider serving the UK and Europe, takes Expect’s annual turnover to more than £60 million and is part of the firm’s strategic aim of securing continued growth in the South of England.
Expect Distribution Managing Director Matthew Kilner commented: "We are delighted to have acquired Pallet Plus, an established and highly reputable company with a great track record. This deal will support our expansion into the South of England. We expect both companies to experience sustained growth over the coming years.”
Pallet Plus, which was founded in 2005, provides national final mile distribution of palletised freight and is a member of three national pallet networks: The Pallet Network, UPN and Palletways. Expect distribution says that Pallet Plus has the opportunity to grow its customer base in the medium term and also take advantage of existing synergies within its current strong base.
Matthew Kilner added that Expect was attracted by Pallet Plus’ reputation, senior management team, operational capabilities, drivers and long-term membership of three national pallet networks. Kilner said that the businesses were a “cultural fit” and forecast a seamless integration.
Expect Distribution Operations Director Andy Taylor added: “With the purchase of Pallet Plus, we can not only significantly increase our presence in the South East with an owned operation but also bolster the proposition, by expanding the transport side of the business and introducing, in the medium term, a new warehousing offering which has been an important growth area for us in Bradford over recent years."
Read more on M&A trends in the UK logistics sector
Find out why post-deal integration is the most important stage of the dealmaking process
The company is a prominent supplier of high-quality, nutrient-rich feed for cows, calves, and sheep, with full technical support, dairy costings, yield predictions, and silage analysis. To complement its core product, the business also supplies molas...
Situated in a parade, excellent main road trading position, residential, office, and commercial area, West London halal butchers (both wholesale are retail); are now for sale. Single fronted premises in the region of 1,100 ft² with electric shutters...
This is a rare opportunity to acquire one of the leading schoolwear and workwear wholesalers in the UK. Annual net turnover of over £1,000,000 with an excellent gross profit in excess of 40%. Well-established manufacturing supply chain producing own...
06
|
Sep
|
Surrey Victorian country manor hotel on the market for £8m | COMMERCIAL PROPERTY
Stanhill Court Hotel, a Victorian Country Manor House hotel ...
06
|
Sep
|
Livingstone-based civil engineering firm falls into administration | ADMINISTRATION
Glenevin Limited, a Livingstone-based civil engineering firm...
06
|
Sep
|
Worcestershire accountancy acquires Cannock-based counterpart | BUSINESS SALE
A full-service accountancy and advisory firm based in Worces...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.