“NEW BENCHMARKS” THE TARGET AFTER FLOYD SCHOFIELD HAULAGE SALE

Big plans are being made for Floyd Schofield Haulage following the company’s sale to DAA Transport in a deal overseen by Luke Rae, KBS Corporate Deal Executive.

Floyd Schofield, based in Settle, North Yorkshire, was established in 2014 and serves the bulk and general haulage market across the UK.

After substantial interest from both trade and private equity acquirers with 49 parties initially coming forward, Floyd Schofield was sold to DAA Transport Ltd – joining the parent company’s existing businesses SL Transport (UK), Norman E Webb Ltd, Norman E Webb Logistics and Linney Refrigerated Transport, although the last-named was consolidated in 2023 and no longer operates as a separate entity.

With a strong presence in the South of England, DAA was eager to become established further north – hence the appeal of Floyd Schofield.

“Floyd Schofield Haulage has a well-established reputation in the haulage industry and is an ideal company to join our existing portfolio, expanding our reach to the North of England,” explained Jon Dando of DAA Transport.

“The primary appeal was the company’s strong local presence and expertise in the North Yorkshire region. This acquisition aligns perfectly with our strategic goals of geographical expansion and enhancing our service capabilities.

“Floyd Schofield Haulage has a well-established customer base and a reputation for exceptional service, which complements our commitment to offering comprehensive and customer-centric transport solutions. Additionally, its specialisation in bulk haulage services provides us with an opportunity to diversify our offerings and better serve a wider range of client needs.”

Prospects for growth look bright under the new ownership, with the target being to set “new benchmarks” in the transport and logistics sector.

“The acquisition of Floyd Schofield Haulage represents an exciting chapter and aligns with our commitment to strengthen our position in the market and grow our fleet in 2024,” added Jon Dando.

“The outlook for the business is extremely positive. We are committed to investing in the growth and development of Floyd Schofield Haulage, ensuring it continues to thrive and serve its customers with the same level of dedication and quality.

“Our combined expertise and resources will enable us to enhance our service offerings, innovate in our logistical solutions and expand our reach to new markets.

“We are excited about the synergy between the two companies and are confident this will lead to increased efficiency, improved customer service and overall business growth. We look forward to a future where we set new benchmarks in the transport and logistics sector together.”

Luke Rae was equally delighted to have found a new home for Floyd Schofield Haulage following the hard work put in by all those involved in the transaction.

“It’s a fantastic opportunity for the business to grow as part of a larger group,” said Luke.

“Both parties worked diligently to get the deal across the line. I’m extremely proud to bring the sale to a successful conclusion.”