Eddie Stobart Logistics has successfully completed its transformation into a stand-alone business after the acquisition of a 51% stake in the operator by private equity firm DouglasBay Capital on 10 April 2014, according to its parent company. Greenwhitestar UK (which ultimately is owned by DouglasBay Capital Fund) made the statement in newly filed accounts at Companies House, which revealed that Eddie Stobart Logistics achieved a turnover of £394.4m and a pre-tax profit of £24.4m for the period from 10 April […]
Former Autologic chief executive Avril Palmer-Baunack has been appointed as deputy chief executive of Stobart Group. Palmer-Baunack also joins the board of directors at Stobart, which completed its acquisition of car transporter giant Autologic last month. Former deputy chief executive Richard Butcher becomes chief executive for Stobart’s property business At the same time William Stobart has re-joined the board of directors at the firm after he stepped down in March 2011. Rodney Baker-Bates, non-executive chairman of Stobart, said: ” With […]
Stobart Group has sold a 51% stake in its transport division to Douglasbay Capital (Dbay) – the former owners of TDG – for £280.8m. The move sees William Stobart become chief executive of the newly formed, and once again privately owned, Eddie Stobart Logistics.