New kings at Monarch Transport after management buyout

Monarch Transport
 

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. […]