Dedicated Transport Solutions (DTS), a Cramlington-based distribution company, has become the latest logistics business to be snapped up by private equity firm Winch & Co.
Following on from its purchase of Eclipse Distribution Solutions late last year, Winch & Co said the acquisition of DTS was part of its strategy of adding five logistics businesses to its portfolio.
Founder Nathan Winch said: “If there’s anything the Covid pandemic taught us, it’s the importance of logistics and warehousing.
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“Without operators such as DTS and Eclipse, the nation would have ground to a halt.
“Whilst both these businesses are based in different parts of the country – DTS in the North East and Eclipse in the Midlands - they both operate nationally, and both have on-site warehousing facilities,” he said.
“DTS has plenty of potential, and for us it’s an exciting prospect. When we acquire a business, we do so to increase its profitability via investment and different ways of working.
“The previous owners built a solid business, and our job is to now drive it forward and take it to its next level.”