DB Transport and DB Warehousing acquired by Stoneport
KBS Corporate has advised on the successful acquisition of West Midlands-based DB Transport and DB Warehousing by Stoneport Group.
DB Transport Corby Ltd and DB Warehousing Corby Ltd has been acquired, in a deal advised by KBS Corporate.
The West Midlands based transport and warehousing group came to market with KBS Corporate as the directors looked to begin retirement plans.
Following a thorough research strategy, the production of marketing materials and a period of negotiations, Stoneport Holdings Ltd have acquired the Group.
Stoneport recognised the opportunity as an ideal acquisition and first step into the sector due to the beneficial distribution location.
Daniel Welsby, Deal Executive at KBS Corporate, advised our clients throughout the deal and commented, ‘I am really pleased with the outcome of this deal, which marks the beginning of an acquisitive strategy for Stoneport, and an enjoyable retirement for the shareholders of DB Corby. I wish all involved the best for the future.’