Partner Article

York haulage firm expands east coast portfolio with new acquisition

York-based Revis Transport Limited has acquired Great Yarmouth-based Spandler Bros from Bunn Fertiliser Ltd, extending its geographical reach in the UK.

The deal marks the latest stage of the haulage firm’s growth strategy, following on from its acquisition of ABC (Grimsby) Ltd in 2014.

The group, founded in 1947, has a workforce of 97 and a fleet of 79 vehicles across its depots in North Yorkshire, South Humberside and now East Anglia.

Richard Sunderland, Bunn Fertiliser Managing Director, said: “Bunn Fertiliser believe this sale will benefit Spandler Bros. as they are now part of a company exclusively focused on providing professional transport services. It also allows Bunn to focus on its core business of manufacturing and selling fertiliser in the UK.”

Bunn’s logistics team already utilises third party hauliers for a significant proportion of its deliveries, and this acquisition will not reduce our commitment to deliver fertiliser on time on behalf of our customers.

“Bunn and Revis have had a long and successful relationship and we look forward to working together more closely.”

John S Revis, director, said: “The opportunity to establish a footprint in East Anglia and take on the experienced Spandler team fits perfectly with our expansion plans. With depots in York, Immingham and Great Yarmouth we now have a presence down the length of the East Coast.”

Carl Swansbury and Peter Glenton of Newcastle-based Ryecroft Glenton Corporate Finance advised Revis Transport on the transaction, alongside Paul Johnson of Irwin Mitchell and Mark Whitaker, who acted as independent advisor to the Revis’. David McIntyre and Tim Brogden of Bibby Leasing provided the funding.

Carl Swansbury, partner at Ryecroft Glenton Corporate Finance, said: “The acquisition of Spandler Bros is the continuation of a successful growth strategy for Revis. The shareholders have a clear vision for how they wish to develop the scale and range of services they can offer their customers and we are delighted to have been able to advise them on this transaction.”

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