Private equity firm Advent International is to acquire a 75% stake in Hermes UK in what is described as a “business as usual” agreement. Announced this week, the deal will see German retailer Otto Group sell three quarters of the business to Advent in a deal reportedly worth £900,000. Otto Group will continue to own 25% of the company whilst the management of Hermes UK will continue to lead it as an independent operation, with business continuing as normal for […]
Gloucestershire’s John Hackling Transport increased turnover last year by 3.2% to £17.5m.
Administrators handling the affairs of Clugston Group said they had successfully agreed a sale of the share capital of its haulage arm, Clugston Distribution Services (CDS).
With Widdowson Logistics in administration once more, Motortransport.co.uk revisits the events that lead to the operator’s pre-pack in July 2016. Although incorporated in 1975, business conducted by former coal merchant AM Widdowson & Son can be traced back more than 100 years. Like any haulage firm with a few years on the clock there’s been plenty of ups and downs, but for this Leicestershire outfit it’s been a particularly breathless few years. A stricken AM Widdowson was kept on the […]