Derbyshire based Jeffreys Haulage is sold to The Swain Group
Dains Corporate Finance team have recently advised on the sale of Jeffreys Haulage to The Swain Group.
Jeffreys Haulage, formed in 1966 and based in Swadlincote, Derbyshire, is a specialist in transport, distribution, vehicle maintenance and warehousing. The purpose built 16.5 acre site which Jeffreys Haulage relocated to almost forty years ago now houses an impressive 105,000 sq. ft. racked warehouse, with a 23,000 sq. ft. custom built transport operations, workshop, and administration block.
Managing Director Fred Perkin is staying at the helm of Jeffreys Haulage to help integrate and grow the business within The Swain Group. He commented: “We’re confident that the sale of the business will further enhance the ongoing development of Jeffreys Haulage and allow us to develop the range and quality of services that we provide. The Swain Group share the same desire and enthusiasm to be the best at what we do.
“The advice, project management and leadership Dains have provided throughout this complex deal was invaluable, allowing the transaction to complete quickly and to allow me to now focus on my new role going forward as part of The Swain Group.”
Roy Farmer and Jenny Moore advised the shareholders on the sale. Lead advisor Roy Farmer from Dains Corporate Finance added: "It has been a pleasure to help the shareholders of Jeffreys realise the value that they have built up over the past 30 years. They now have a great opportunity to work with The Swain Group to grow the business and take it to the next level.
“We set ourselves a challenging timetable to complete the transaction, and from a standing start we completed the transaction in just two months. This was a real team effort, and is testament to the hard work and focus of the vendor and their team of advisors.”
Trevor Shaw, Dains Corporate Tax Director, provided tax advice to the vendors, and Peter Francis & Daniel Martin of Geldards provide legal advice in connection with the sale.