Basildon-based EDG Group has taken over fellow TPN member Enterprise Freight and Transport Services.
The group, which joined TPN in September 2017, has bought Enterprise’s assets, customer base and goodwill, but not the Enterprise name.
The deal also sees all 31 Enterprise employees transfer to EDG Group as well as a fleet of 15 trucks and seven trailers which will take on the EDG Group livery.
As a result of the acquisition EDG Group, which covers areas in the CM and RM postcodes will take over Enterprise’s postcodes, which includes the entire SS postcode.
Speaking to MT, Jamie Cracknell, EDG Group senior operations manager, said the haulier was approached in December by Enterprise owner Barrie Copeland, who was looking to retire.
He added that the deal was a good fit with the group’s long term plan to diversify.
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“Enterprise is a fellow TPN member and is just a few miles up the road from us. We do a lot of newspaper distribution but with falling volumes we have been looking for diversification opportunities for some time, which is why we joined TPN 16 months ago.
"Taking on the assets of Enterprise fits well with our strategy as Enterprise is a big TPN player and also has an international division,” he said.
He added: “We have plans to invest in the business and may eventually transfer the group’s headquarters to the Enterprise site since it makes no sense to run two depots that are so close to each other.
"We also plan to focus on growing the international business and we have more plans to expand within TPN.”
EDG Group has a fleet of 48 trucks but also uses around 150 subcontracted HGVs a day. The group, which reported a £17.6m turnover for 2018, also launched EDG Chilled Logistics in June of last year.
Cracknell said joining TPN has allowed the group to break into new markets.
“It was not easy. In our first week with TPN we shifted 13 pallets but now we put in between 350 to 400 pallets a week and we have just won a contract for 500 pallets a week. Our aim is to become one of the top five depots in TPN,” he said.
