Walkers Transport snaps up MTH Express Services

Walkers Transport has acquired fellow Palletways member MTH Express Services for an undisclosed sum, giving the newly enlarged group a combined turnover of £48m.

Richard Simpson, Walkers Transport CEO, said: “I am delighted to welcome all the employees and customers of MTH to the Walkers Transport family.

“We are looking forward to working with [MTH director] Dez Shirley and the MTH management team to further grow the business and service offering.

“We expect this acquisition to benefit both MTH’s staff and existing and future customers, as a result of being part of a larger group with greater reach across the Midlands, north of England and nationally.

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“MTH has a great reputation in our industry and this transaction fits perfectly with our ambition to grow further, both organically and via targeted mergers and acquisitions.”

MTH operates from Fradley, near Lichfield in Staffordshire and covers Staffordshire, Shropshire and Derbyshire on behalf of Palletways.

In the year to 31 December 2018, Walkers Transport said MTH had sales of circa £9m.

In 2017, Total Capital Partners backed the £20m management buyout of Walkers Transport, led by Simpson.  Total Capital has  supported Walkers in its latest acquisition.