Fri, 11 Jun 2021 | BUSINESS SALE
Menzies Distribution, which is backed by private equity firm Endless LLP, has announced the acquisition of Scottish logistics company JBT Distribution. The deal represents a second significant acquisition for Menzies in the last six months, following its takeover of Bibby Distribution (now rebranded as Menzies Distribution Solutions) in December 2020.
JBT Distribution provides distribution and warehousing solutions for a range of clients. The firm’s customers come from sectors including retail, parcel delivery and healthcare, with JBT being a specialist in temperature-controlled logistics.
The firm, which generates annual sales of over £23 million, is headquartered in West Lothian and has a strong presence throughout Scotland, with additional depots in Aberdeen, Inverness, Kilbride, Lerwick and Kirkwall.
The acquisition extends Menzies’ presence in Scotland via this network of depots and adds 200 vehicles to its fleet. The deal also grows the firm’s base of blue-chip customers and adds more capabilities to its range of B2B logistics solutions.
Menzies CEO Greg Michael commented: “We are gaining momentum at pace as we execute our ambitious strategy for growth and are delighted to acquire JBT. We believe that through combining the complementary business with Menzies, there are significant opportunities to grow both businesses through unlocking further geographical capability and expanding services to both sets of customers in Scotland and throughout the UK and Ireland.”
“For both our businesses’ customers, it will be very much business as usual and we look forward to supporting their growth in the coming years and working with Robert Gordon, Donald Carmichael and the rest of the team at JBT to help deliver this. We warmly welcome our new colleagues and look forward to the next phase of our journey as an enlarged group.”
JBT Director Robert Gordon added: “The Directors of JBT Distribution are delighted to announce the acquisition by Menzies Distribution. We believe that Menzies is aligned with the future strategic and growth plan in the sectors in which we operate and will enhance the service offering of the business both locally and nationally.”
Menzies has been backed by Endless since September 2018, when the private equity firm acquired the business for £74.5 million as part of its separation from John Menzies Plc.
Following the acquisition of JBT, Endless Partner Andrew Ross commented: “We are delighted to be supporting Menzies Distribution with their second acquisition in six months. This acquisition further accelerates the momentum in our strategy to transform and diversify the operations of this business.”
The acquisition comes at a time of renewed optimism in the UK’s logistics sector, driven by the success of the COVID-19 vaccine rollout and economic reopening. This, in turn, has resulted in strong appetite for dealmaking among leaders in the logistics industry.
Find businesses for sale here.
If you are looking for an exit, we can help!
The company provides a streamlined, tech-supported process for homeowners and residential landlords to acquire new home services, including heating and other infrastructure. The business offers products from leading brands through an automated stock...
The company designs, manufactures, installs and maintains biomass heating systems for industrial premises throughout the UK. The business offers products with varying heating capabilities and capacities, ensuring that it can meet clients’ specificati...
Presently seeking parties interested in the business and assets of a company that operates within the cleaning industry.
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.