Kinaxia Logistics has bought Mark Thompson Transport, its eighth operator acquisition in just over five years. The deal is Kinaxia’s third this year; it bought Panic Transport in February and Maiden’s of Telford in May. The business also owns Bay Freight; William Kirk; NC Cammack & Sons; Foulger Transport; and Lambert Brothers Haulage. Mark Thompson, which runs 153 vehicles with its 160 employees, had turnover of £17.7m for the year ended March 31 2016, with pre-tax profit of £1.5m. Kinaxia […]
Eastleigh, Hampshire-based Lambert Brothers has been acquired by Kinaxia Logistics, an investment company that also acquired Snetterton, Norfolk-based Foulger Transport last month.
The loss of a major customer at the end of 2016, alongside increasing costs for drivers’ wages and fuel inflation, saw Foulger Transport head into the red in 2017.
Kinaxia Logistics will buy its 11th haulier by the end of the year, according to director Peter Fields.