York-based haulage firm Revis Transport has continued its drive for growth with the acquisition of Spandler Bros from Bunn Fertiliser.
The deal sees the firm expand its geographical reach, giving the company a foothold in East Anglia.
This is the company’s second acquisition in 18 months, following its purchase of ABC (Grimsby) in April 2014.
It sees Revis Transport takeover the fleet and staff at Spandler Bros, which had 19 employees and a fleet of 16 trucks and 23 trailers.
It means Revis, which was founded in 1947, now has a workforce of 97 and a fleet of 79 vehicles across its depots in North Yorkshire, South Humberside and now East Anglia.
Revis Transport director John Revis said: “The opportunity to establish a footprint in East Anglia and take on the experienced Spandler team fits perfectly with our expansion plans. With depots in York, Immingham and Great Yarmouth we now have a presence down the length of the East Coast.”
Carl Swansbury, partner at Ryecroft Glenton Corporate Finance, who advised Revis Transport on the transaction, said: “The acquisition of Spandler Bros is the continuation of a successful growth strategy for Revis. The shareholders have a clear vision for how they wish to develop the scale and range of services they can offer their customers.”
Bunn Fertiliser MD Richard Sunderland said: “Bunn Fertiliser believe this sale will benefit Great Yarmouth-based Spandler Bros. as they are now part of a company exclusively focused on providing professional transport services. It also allows Bunn to focus on its core business of manufacturing and selling fertiliser in the UK.
He added: “Bunn and Revis have had a long and successful relationship and we look forward to working together more closely.”
