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Stephen Newman and Adam Cockroft from Ramsdens’ Company and Commercial team, with support from Chris Annable (Commercial Property) and Emily Walker (Employment), have advised the Sellers in relation to Expect Distribution’s recent management buyout.
Expect Distribution is a 300-strong West Yorkshire logistics business founded by the Rushworth family, who have successfully run and grown it for more than 30 years, providing a range of logistics packages.
The incoming management team of Matthew Kilner (finance director) and Andy Taylor (operations director) commented: "Expect is a business that is close to our hearts, and we are excited to take responsibility for its future growth. We are really proud of what we have achieved so far and thrilled to be leading the next stage of Expect's journey.
"We have taken the reins at an exciting time for the business and for the wider Logistics industry. We relish the opportunities ahead of us and look forward to realising those with the colleagues, customers and suppliers who allow the business to be a market leader. Our thanks to all parties who supported the MBO and worked with us to make it become a reality."Stephen, added: “It has been a pleasure to be involved in this transaction, Expect is one of the region’s success stories. We wish the new management team every success for the future and look forward to seeing Expect continue to grow.”
As featured in Insider Media: MBO completed at 300-strong logistics operator | Yorkshire Deals News | Insider Media.