DBAY Advisors completed the acquisition of a 51% stake in Eddie Stobart Logistics for £55m.

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.