A specialist transport logistics operator which employs more than 120 people has been acquired by Primeline Group in a deal supported by Evolve Corporate Finance.
Avon Freight Group is a provider of groupage, transport, warehousing and forwarding services for customers throughout the UK and Ireland.
The business employs more than 120 staff operating from three sites, all located in Redditch, Worcestershire.
Managing director Dawn Greene will continue to manage the business.
She said: “Primeline Group has a fantastic reputation for recognising growth opportunities and leading the way in the evolving world of logistics and supply chain solutions, and we are looking forward to being part of a team that is ambitious and excited for the future.
“The Evolve team successfully negotiated and managed this deal from start to finish. Nothing was ever too much trouble, and their combined knowledge, professionalism, and patience have been exceptional and helped guide us through a very successful transaction.”
Primeline Group employs 1,200 people across its operations in Ireland and the UK.
The deal marks its first UK acquisition.
Tim Cummins, chief executive Primeline Group, said: “This acquisition will enable us to broaden our footprint in the UK market, whilst also enabling synergies across our entire operations.
“Bringing Avon into the group also aligns with our goal of being the leading provider of game-changing logistics and route-to-market solutions.
“We are looking forward to working closely with Dawn Greene and her team to create new opportunities for Avon and the entire Primeline Group.”
An advisory team at Evolve Corporate Finance, led by David Neate, partner, provided strategic advice to the shareholders of Avon. He was supported by David Lee, director, and Dan McCartney, manager.
Knights provided legal advice to the sellers, led by Fiona Boxwell, a partner in the corporate team, with support from Ellie Bryan. Tax advice was provided by Claritas Tax, led by partner Iain Wright.
Neate said: “It was a pleasure to support and advise Avon’s shareholders on this transaction. The business has built an enviable reputation in its market under the stewardship of Dawn and the management team, and the sale to Primeline will enable both parties to drive further growth in key territories across Ireland and Europe.”
More about Primeline Group here: https://primeline.ie/
https://couriernews.co.uk/blog/transport-logistics-operator-acquired-by-primeline/