Wed, 04 Jan 2023 | BUSINESS SALE
Palletforce, a subsidiary of global freight and supply chain giant EV Cargo, has agreed a deal to acquire Hastings-based firm Dobbs Logistics. The acquisition continues a trend of consolidation across the UK logistics sector, with companies increasingly targeting acquisitions to grow their offering and secure geographic expansion, despite falling confidence within the industry.
Dobbs Logistics was founded in 1961 and provides customers with a range of services, including pallet distribution, project cargo, warehousing and general haulage. The company’s operating license covers 22 trucks and 18 trailers and, in its accounts for the year ending March 31 2022, its net assets were valued at slightly over £1 million.
Reflecting one of the key trends driving M&A within the logistics industry, Palletforce parent company EV Cargo said that Dobbs Logistics was “the stand-out pallet network member and road freight operator in a region that is historically challenging for pallet networks”.
EV Cargo added: “As a result, the acquisition further strengthens the Palletforce network, providing members with a stable and trusted service partner in a key location.”
EV Cargo Express and Palletforce Chief Operating Officer Mark Tapper commented: “We are delighted to announce the acquisition of Dobbs Logistics, the undoubted sector-leader in its area, and welcome our new colleagues and customers to the Palletforce network. Dobbs Logistics not only meets our best-in-postcode criteria, giving our members a competitive edge, but also strengthens our overall service proposition in the Southeast for members and customers.”
“We made a commitment to our members that we would put them, and their customers, front and centre in our business. In achieving that we’ve focused intently on quality service, adding 12 new members in 12 months, and continuing our investments in technology, infrastructure, and sustainability.”
Post-acquisition, Dobbs Logistics’ existing management team and directors Stephen Morgan, Kevin Manser and Lynton Manser will continue to lead the business.
Managing Director Stephen Morgan said: “EV Cargo’s recognition of Dobbs Logistics as the unrivalled operator in the region is thanks to our reputation for quality and the hard work and dedication of everyone across our business.”
“EV Cargo’s Palletforce network is renowned for excellence, and we are delighted to join a business which puts its members and customers first. We are looking forward to further developing our services, business proposition and securing the long-term future of the business.”
Find businesses for sale here.
If you are looking for an exit, we can help!.
The company offers a turnkey LED lighting service, encompassing the design, supply and installation of high-quality systems for commercial premises. The business prides itself on working with clients throughout the entirety of the project, utilising...
LEASEHOLD
The company offers a wide range of furniture, such as seating, tables, outdoor furniture, and office furniture. In addition, the company provides bespoke design, styling, and fit-out services for commercial sectors, including hospitality and educatio...
LEASEHOLD
Opportunity to acquire an already established truck stop in the heart of South Staffordshire. It is uniquely situated to meet the long-outstanding need for a large-scale SRFI in this area. There is approximately 10.5 acres of land available, with onl...
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.