Logistics firm DAA Transport has acquired North Yorkshire-based Floyd Schofield Haulage, in a move aimed at expanding its presence in the North of England.
DAA Logistics said it had purchased Floyd Schofield Haulage amid ”substantial interest” from 49 other companies. The Settle-based general and bulk haulier has operating licences for 18 trucks and 22 trailers.
This is the latest addition to DAA’s portfolio, which includes Norman E Webb Ltd, Norman E Webb Logistics and SLTransport (UK).
DAA Transport said it has a strong existing presence in the South of England, but is keen to expand in the North of England.
Commenting on the deal, DAA Transport director Jon Dando said: “Floyd Schofield Haulage has a well-established reputation in the haulage industry and is an ideal company to join our existing portfolio, expanding our reach to the North of England.
“The primary appeal was the company’s strong local presence and expertise in the North Yorkshire region. This acquisition aligns perfectly with our strategic goals of geographical expansion and enhancing our service capabilities.
“The outlook for the business is extremely positive. We are committed to investing in the growth and development of Floyd Schofield Haulage, ensuring it continues to thrive and serve its customers with the same level of dedication and quality.”
Luke Rae, KBS Corporate deal executive, who oversaw the transaction, added: “It’s a fantastic opportunity for the business to grow as part of a larger group.
“Both parties worked diligently to get the deal across the line. I’m extremely proud to bring the sale to a successful conclusion.”
