Winch & Co, the Leeds-based boutique private equity firm have recently acquired GBP4 million haulage and logistics company Eclipse Distribution.
The firm plans to continue its acquisition trail aimed at logistics and distribution businesses based in the UK that compliments its platform.
Shaun Swinburn, Operations Director at Winch & Co, says: “It’s been several months in the making, but we are happy with what we have bought, and succession planning was already in place. The business is very clean and has proven to be the perfect platform for what we plan to build.”
David Ash, the previous owner of Eclipse Distribution commented, “The new owners have their own vision for Eclipse and the haulage sector. I look forward to seeing how far they take the business…”
The company operates over 40 lorries, as well as sprinters, vans and other transport vehicles.
Winch & Co is already in various stages of discussion with other distribution businesses of a similar size.
Nathan Winch, Managing Partner of Winch & Co, who sold his first business in 2017 and has subsequently exited more, adds: “Shaun and the team have been instrumental in getting this deal over the line. We completed this acquisition in the same week as another purchase – so it’s safe to say we worked our legal team that week!”
The legal advisors supporting the transaction were Ison Harrison, the largest law firm in Yorkshire – also based in Leeds city centre working closely with Winch & Co.
Winch & Co has already appointed a new Managing Director for the business and look to grow predominantly by acquisition, however, they are introducing new clients as part of their network to facilitate organic growth in parallel.
