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SEA Transport has secured backing from a private equity firm to grow the business and extend its model to other UK ports.

The Felixstowe, family-owned firm chose Enact SME Fund to invest in it and support the roll-out of the haulage platform to additional UK port locations.

Incoming chief executive Richard Preston, who will be supporting the multi-site roll out, said: “This is a great opportunity for the business to continue its growth trajectory and reach its true potential backed by a well-funded and respected investor, Enact, leaning on the wealth of experience already within SEA Transport, but also adding to that with the team that have been brought together.”

SEA Transport was established in 2000 and provides services to the maritime container sector from its 72,000 sq ft bonded warehouse on Felixstowe port.