Glasgow-based Monarch Transport is under new ownership after the completion of a management buyout (MBO) at the firm. John Weir and Derek Anderson completed the acquisition of the business this month, having begun the process with an initial payment last December. The deal, supported by an independent bank, sees founder David McFarlane, a Palletforce founder haulier-member, exit, although he will continue to advise the business as a consultant. Monarch Transport, based at Moorpark, also has a depot in Hucknall, Nottinghamshire. […]
Truswell Haulage has left Palletforce for Palletline in order to centralise pallet operations around its hub.
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.
Palletforce has added DNA Express Couriers and NGC Logistics to its network.