Announced
Completed
Financials
Tags
logistics solutions
Majority
Acquisition
Friendly
United Kingdom
Third Party Logistics (3PL)
Public
Single Bidder
Private Equity
Completed
Synopsis
Private equity firm DBAY Advisors completed the acquisition of a 51% stake in Eddie Stobart Logistics, a large British multimodal logistics company, for £55m ($71m). The haulage business has been at the centre of acquisition interest for a number of months, with DBAY first making an approach for the company in September 2019. Subsequently, former Stobart Group boss Andrew Tinkler said he was interested in a bid for the business before walking away weeks after.
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