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Storskogen UK has acquired its fifth company after taking a majority stake in Stop Start Transport based in Worcester.
The company is a one-man logistics, warehousing and distribution business, with revenues of around £6.4m.
Since its launch in 1986, Stop Start has grown from a one person and one van operation to country wide operations with a focus on high value fragile logistics.
Customers comprise online bathroom retailers and manufacturers.
Stop Start has 51 full time employees and the existing management team will remain in the business led by managing director Steve Evans after the transaction.
“We are delighted that Storskogen have chosen to partner with us. With their financial strength and expertise in operating small and medium size businesses, Storskogen will add value to our existing customer base and help the business explore new market opportunities as we embark on the next chapter of Stop Start’s expansion plans,” said Evans.
Stop Start will be part of Storskogen’s vertical logistics within business area services.
Storskogen’s head of UK Philip Lofgren says the UK has an integral role to play in Storskogen’s international expansion plans and Stop Start highlights the continued success and another step towards realising these plans.
“Stop Start marks our fifth UK acquisition in the last 12 months and is our first company in business area Services. We are excited to add such a strong company, in a niche market, to our growing portfolio,” he said.
Orbis Partners advised the shareholders of Stop Start Transport.
The deal was led by director Steve Nock and partner James Grenfell with support from senior analyst Adam Grenfell.
Legal advice to Stop Start was provided by Andrew Cowan and William Bowler of Gateley Legal with tax advice provided by Iain Wright and Adam Keates of Claritas Tax.
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