Management buy-in at £30m logistics group
Bulk Logistics Group has secured a £9.4m bank deal to support a management buy-in at the family-run business which has made two acquisitions in the last month.
The asset-based lending facility from Secure Trust Bank Commercial Finance 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, alongside salt, coal, aggreg... 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...
