Multi-million pound bank funding deal supports management buy-in at £30m logistics firm
Manchester-based Secure Trust Bank Commercial Finance has provided a £9.4m asset based lending facility to Bulk Logistics Group to support a management buy-in at the family-run business as it continues to eye up acquisition opportunities.
The funding line was used to enable the existing management team, the Ward family, to sell shares to the Castle/Edghill family.
The Bedale-based business operates in the dry bulk logistics market, with 100 specialist vehicles moving agricultural products such as grains and fertilisers, alongsi... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
