BSR
BSR
  • Home
  • Distressed Businesses
    • All Distressed Businessess
    • Administrations
    • Liquidations
    • Winding Up
    • Insolvency Advice  New
  • Buy a Business
    • All Businesses for Sale
    • Find a Business for Sale
    • Raising Business Finance
    • Buyer Acquisition Service   New
    • Escrow Service   New
  • Sell a Business
    • Sell Your Business
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / Logistics firm acquired at 27.5x half-year pre-tax profits

Logistics firm acquired at 27.5x half-year pre-tax profits

Mon, 16 Jan 2023 | BUSINESS SALE

Logistics firm acquired at 27.5x half-year pre-tax profits

Food temperature-controlled storage and logistics firm Associated Cold Stores & Transport (ACS&T) has been acquired by HSH Cold Stores from agriculture group Camellia Plc in a £16.5 million deal. The deal represents a 27.5x multiple of ACS&T’s £0.6 million pre-tax profits for the six months to June 30 2022, during which time it generated revenues of £13 million.

The deal, initially announced in December, expands HSH’s strategic presence, adding ACS&T’s Grimsby, Tewkesbury and Wolverhampton facilities and increasing its storage capacity to approximately 140,000 pallet positions. The acquisition brings the total fleet of the merged businesses to 75 large goods vehicles (LGV) lorries.

The completion of the deal comes at a time of accelerating M&A activity in the logistics sector. Despite mounting headwinds and falling confidence, a survey last year by BDO and Barclays found that 45 per cent of logistics firm owners polled were targeting acquisitions over the coming year, seeking increased scale, expanded service offerings, higher margins and greater tech uptake.

HSH’s acquisition of ACS&T reflects several of these trends, giving the acquirer (which is part of the European Constellation Cold Logistics group) a greater strategic presence and increasing the scale of its storage and fleet.

Commenting on the deal, HSH Managing Director Anthony Howard said: “We are enormously proud and excited to welcome ACS&T to the HSH family, the acquisition provides a unique opportunity for HSH to expand its storage and distribution services for our new and existing customers.”

“Having co-founded HSH nearly 20 years ago, I am extremely proud to see how our company has grown over the years and would like to extend my gratitude to our team on reaching this milestone. I look forward to collaborating with the team at ACS&T to accelerate our growth and develop new high quality cold chain solutions.”


Read about the factors driving M&A activity in the UK logistics sector.

Find businesses for sale here.

If you are looking for an exit, we can help!.


Share this article



Latest Businesses for Sale

Wholesaler of kitchen & food products
Yorkshire and the Humber, UK

The business caters for both large and small clients in the industry, offering flexibility in order size, value and delivery cycle. The company is a registered carrier of controlled waste and offers a removal service for used cooking oils and fats...

Asking Price: Offers Invited
Turnover: £4,900,000

LEASEHOLD


Provides a Large Range of Fresh Wholesale Meat & Poultry
UK Wide

The company offers a wide range of high-quality meat and poultry on a wholesale basis to customers within an 80-mile radius of its West Midlands-based premises. Priding itself on its extensive offering, the company is licensed to prepare its own poul...

Asking Price: Offers Invited
Turnover: £6,200,000

FREEHOLD


Provider of Bespoke Sous Vide Cooked Meats
UK Wide

Specialises in premium quality sous vide products on a wholesale basis. Strong, loyal customer base in place, all of whom provide reliable, repeat business. Is SALSA, SEDEX, and Soil Association approved, as well as achieving gold and silver food awa...

Asking Price: Offers Invited
Turnover: £740,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
26
 
Jan
 

UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS

New analysis from PwC has revealed that UK M&A activity decl...

 
26
 
Jan
 

Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS

Stowe Family Law, a Leeds-headquartered specialist family la...

 
25
 
Jan
 

Eastbourne seafront hotel on the market for £2.3m | COMMERCIAL PROPERTY

The Eastbourne Riviera Hotel, located on the town’s po...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
11
 
Dec
 

£1 billion of prime London property put up for sale | COMMERCIAL PROPERTY

Three prime London properties have been put up for sale by G...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.