Arrival of new owners in the pallet sector drove Pallet-Track to increase its financial firepower through share sale

L-R Mark Waite, Mark Bailey, Gail Maltby, Julian Maturi, Nigel Parkes, Lisa Burrows, Carl Jones and Mark Pulford
 

The sale of a controlling stake in Pallet-Track to TPA Capital in March was heavily influenced by the arrival of a new wave of deep-pocketed owners within the sector, its MD has revealed. Speaking exclusively to motortransport.co.uk, Nigel Parkes said that although there was an element of de-risking in his decision to sell some of his shareholding in the network to TPA Capital, “the catalyst was seeing an industry becoming more corporate”. Ahead of the sale Parkes held 51% of […]