MBO values Manchester logistics firm at £20m

Wed, 18 Oct 2017 | MBO/MBI

A management buy-out at logistics company Walkers Transport, which is based in Manchester and Leeds, has seen the business valued at £20 million.

The deal has been aided by private equity firm Total Capital Partners, who will provide £13.5 million of funding in a blend of equity and debt in return for a 60 per cent stake in Walkers.

The firm carries “ambient, non-hazardous, pallet-borne goods” for a range of different firms and organisations, including manufacturers, retails and wholesalers in the North-East area.

Comprising George Walker Transport, George Walker Transport Manchester and Northern Hub, the firm was founded by owner Nigel Jenkinson, who has committed his future to the business as a non-executive director and consultant following the buyout.

The MBO will see ownership of Walkers transfer to a management team lead by CEO Richard Simpson, while Jenkinson will keep hold of a minority stake.

The company has enjoyed a period of sustained growth in recent years, with turnover up from £18 million in 2014 to £25 million in 2016.

The management team have confirmed that they are planning to develop Walkers’ service in the Manchester and Leeds area, with an intention to acquire “further businesses” later down the line.

The deal was led by Mark Buttler at Total Group, which has also overseen an MBO at Weird Fish, a lifestyle leisurewear clothing brand, in April.

Buttler said: “Walkers is fantastic business with a market leading reputation and strong potential for further growth.”

Simpson added: “We are excited about the future and we are looking forward to working with Total Capital as we enter our next exciting phase of growth.”

Find a business to buy here
Subscribe to the Business Sale Report


Share this article



Latest Businesses for Sale

Luxury Kennels & Cattery
Yorkshire and the Humber, UK

Luxury kennels and cattery with professional grooming parlour (licensed for 142 dogs and 26 cats) in Peterborough for Sale. An opportunity to acquire this luxury kennels and cattery with stunning spacious four bedroom detached residence which must be...

Asking Price: £1,500,000
Turnover: £522,542

LEASEHOLD


Haulage Business
South Wales, Wales, UK

The business has been established for a number of years and has been owned and operated by the founder since that date. Offers invited.

Asking Price: £850,000
Turnover: £2,595,443

FREEHOLD


Bar & Function Room
Ilkley, Yorkshire and the Humber, UK

Situated in the heart of Ilkley town centre just off the busy Brook Street. The yard is a stylish bar offering a wide range of drinks, good, quality food, music with varied DJ’s and live artists all encompassed in an interesting layout. Offers invite...

Asking Price: £775,000
Turnover: £600,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

 
21
 
Mar
 

Kent Logistics provider completes a successful acquisition | BUSINESS SALE

A Kent-based personalised logistics provider, backed by Livi...

 
20
 
Mar
 

Warrington construction company enters administration | ADMINISTRATION

A prominent construction business headquartered in Orford Gr...

Free guide: 10 Biggest Buyer Mistakes

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

Email


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