In an analysis of mergers and acquisitions in the global transport sector early this year, KPMG predicted activity would remain high in 2016 – and their forecast has proven to be spot on. Hargreaves Services (pictured top) kicked things off in January with the purchase of earthmoving and civil engineering firm CA Blackwell Group, in an £11.9m deal. Its chief executive described Blackwell’s operation as “complementary to and synergistic” with Hargreaves’ mining operation. With a taste now for splashing out, […]
Glasgow-based Monarch Transport is under new ownership after the completion of a management buyout (MBO) at the firm.
Gregory Distribution (Holdings)’s largest purchase to date, ARR Craib Transport, creates a £200m-plus turnover group, but it was the Scottish haulier’s regional focus that made the deal so attractive.