19.5.2021 | LogisticsFreight 24 acquires W J Capper Transport Ltd
Suffolk business progresses buy and build strategy.
Progressive logistics group Freight 24 has acquired Telford-based W J Capper Transport Ltd, a founding member of PalletForce.
Graeme Connor, group managing director of Freight 24, says: “As a group, we’re delighted to add W J Capper Transport Ltd to our portfolio of companies. Based in Wellington, Telford, they’ve been in business for the last 70 years and bring with them all the values of a successful family business –customer service, reliability, and a quality product range at a competitive price.”
With the capacity to run 22 vehicles from its Wellington site, W J Capper Transport Ltd is one of PalletForces’ top UK performers. Ross Bryant, group operations director, says: “This acquisition offers Freight 24 excellent foundations on which to grow the group over the coming years; already we’ve identified several opportunities local to Telford that we’re keen to explore. These will then help grow the business and aid us with building our operating sites in Cambridgeshire and Suffolk.”
This latest acquisition for Freight 24 takes the group’s forecasted turnover for 2021 to £10m+. Graeme Connor continues: “With the expert knowledge of our advisors, we managed to complete the transaction with full due diligence in an impressive six weeks. This acquisition, along with other businesses that we have brought under the Freight 24 umbrella, including Imorex Shipping Services, helps build the footings for our long-term buy and build strategy.
“The purchase of W J Capper Transport gives us an excellent foundation on which to build and grow, and we’d be very interested to hear from any logistics businesses that are keen to sell to or join the group.”
For more information about Imorex visit imorex.co.uk