Acquisition
Our client, a heavy goods fleet management and servicing business, had expressed a desire for both diversification and growth with a particular interest in the transport training sector. Having identified Peter Smythe Transport Training as their target business they approached us to provide support and structure in making the deal happen. This involved multiple meetings and calls, all during the COVID worldwide pandemic.
With our support we managed to secure an excellent deal, which satisfied both our client and the seller as a very fair deal all round.
Since the acquisition our client has increased turnover of the business substantially, increased staff wages and benefits, and increased personnel employed by 40%. Our client has ensured the business has retained its family feel and seven-star reputation that Peter Smythe Transport Training have built up over many years, which was something very important to the seller.