A Warrington-based transport company which was established 30 years ago with a single van has been acquired by haulage and warehouse company Kinaxia Logistics.
Based in Macclesfield, Kinaxia has bought Mark Thompson Transport, a through-the-night logistics specialist.
Established in 1989, Mark Thompson Transport has grown significantly in recent years building on its commitment to customer focus, cost effective service and use of state-of-the-art technology. Customers include Hermes, DX, TNT and Victoria Plum.
Kinaxia Logistics was formed in 2012 with the acquisition of Bay Freight and has completed eight acquisitions in five years.
It now employs 1,050 staff with an annual turnover of £95m.
Advising Mark Thompson Transport on the deal was Squire Patton Boggs' Leeds-based corporate partner Richard Hunt, assisted by associate Maxine Burton. Corporate finance advice was provided by Matt Dillon from La Salle Corporate.
Hunt said: "We are pleased to have advised Mark Thompson Transport on a transformational deal that sees the company become part of Kinaxia Logistics, a rapidly expanding group with exciting prospects for the future.
"This deal is one of a number that we have completed in the logistics sector in recent years where there has been some consolidation, including the acquisition of Palletways Group by Imperial Mobility."
Dillon added: "I am delighted to have helped Mark Thompson complete the sale of his company.
"Starting 30 years ago with a single van to a company with over 180 trucks, with no other shareholders supporting him, is a testament to Mark. A superb achievement.
"It has been a pleasure working with Mark and, after the journey we have been on, I would class him as a friend rather than a client."