Company News, Deals
Sale of Masters Logistical Services
1–2 minutes
We advised Masters Logistical Services, a logistics and transportation company, on the successful sale of the company.
What we did
PEM acted as lead adviser on the sale of Masters Logistical Services to Knowles Transport.
Company background
Masters was incorporated in 2006 but its origins can be traced back as far as 1982. Owners and directors Paul Upton and Deanna Wood have worked together for nearly 20 years and are responsible for growing Masters from a next day delivery courier business to becoming a reputable third-party logistics (3PL) player within the UK logistics industry with established blue-chip clients.
What was special?
Having carried out an extensive marketing exercise, PEMCF were able to sell the business to another local operator, with a shared culture, ethos, and similar history and strategic vision for the future – a fantastic outcome for all parties involved in the transaction.
Deal structure
Knowles Transport acquired 100% of Masters Logistical.
Legal advice to the vendors was provided by Oliver Pritchard and Helaina Mann of Howes Percival. Brett Cooper of Backhouse Jones acted as legal adviser to the acquirer.
Please note that this content is not intended to give specific technical advice. It is designed to highlight some of the key changes rather than provide an exhaustive explanation of the topics. Professional advice should always be sought before action is either taken or refrained from as a result of information contained herein.
