Lancs transport operator Gilbraith sold to Scottish firm

LONG-standing Lancashire transport and storage company Gilbraith (TS) Ltd has been bought by Scottish firm, Pollock (Scotrans).

Founded nearly 100 years ago, Gilbraith has a turnover of £5m, and employs 50 staff from its six-acre Blackburn site. Financial terms were not disclosed.

It offers a wide range of logistics solutions and, in addition to its fleet vehicles, has the capability to handle rail freight.
 
Henry Gilbraith of Gilbraith said: “This deal is great news for the business, our customers and our employees. Pollock shares our vision, passion and enthusiasm and will continue to develop the business. The acquisition means we can become a key player throughout the UK.”

The family-owned company was advised by Stephen Jarman and Matthew Catterall from the corporate team at Taylors Solicitors and Paul Stringer and Robin Prestage from North West accountants Cowgill Holloway.
 
Mr Jarman said: “Gilbraith has been a valued client of Taylors’ for almost 10 years. We have been aware of the management team’s exit objectives for some considerable time, so it is particularly satisfying to assist the shareholders to achieve them.

“Gilbraith is a complementary fit to Pollock’s Scottish operations and provides an opportunity for it to expand its UK reach and I have every confidence the combined businesses will be very successful into the future.”  

Haines Watts and Davidson Chalmers advised the buyer. The deal was funded by The Royal Bank of Scotland.