Accountancy firm MHA Moore and Smalley has supported a deal which sees a family-owned haulage and logistics company in Warrington purchased by a Leyland-based vehicle transport business.
It has been purchased by Alto Distribution Limited, part of the Alto Automotive Group, which operates a fleet of transporters providing collection and delivery services for cars and other light vehicles across the UK.
The company’s staff and trading name will be retained. Alto Distribution managing director Andrew Grayston intends to invest significantly in the company to accelerate future growth following the purchase.
The shareholders of E.Massey Limited were advised on the sale by MHA Moore and Smalley’s corporate finance team. The firm acted as lead advisors, identifying the purchaser and providing transaction support services to manage the transaction through to completion.
The transaction team was led by corporate finance associate director Ian Waddingham. Victoria Dadswell, who provided taxation advice to the shareholders.
E.Massey Limited provides road haulage, warehousing and vehicle servicing services. Its road haulage services are focused on groupage freight which is provided to a wide range of businesses across the UK.
Ian Waddingham, MHA Moore and Smalley, said: “We are delighted to have advised our client E Massey Transport on this transaction. The transaction provides an exit for the founding shareholders whilst retaining the workforce and providing continuity for customers.