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 […]
David Hathaway Transport increased profits by more than 52% before it was acquired by Kinaxia last year, recently published results show.
Kinaxia’s acquisition of AKW Group and Fresh Freight helped deliver a 48% rise in revenues in 2019, but the group’s continuing acquisition drive and IT investments contributed to a loss of £1.8m in the period.
Kinaxia Logistics has agreed a five-year warehousing contract with toy firm James Galt & Co.