Palletforce strengthens network with acquisition
EV Cargo’s Palletforce, the Burton palletised freight distribution firm has acquired Dobbs Logistics from its founding family owners.
Formed in 1961, Dobbs Logistics has a history of providing pallet distribution, general haulage, project cargo and warehousing services.
The acquisition is set to strengthen Palletforce’s network, by providing customers with a service partner in Hastings.
Directors Stephen Morgan, Kevin Manser and Lynton Manser and their management team will continue to lead the business post acquisition.
Dobbs Logistics represents EV Cargo’s third purchase in the last 10 months, following the acquisitions of Fast Forward Freight (Netherlands) and Air Express Cargo (Spain), and ensures EV Cargo remains on track to deliver on its growth strategy to surpass $3bn of revenue by 2025.
Mark Tapper, the Chief Operating Officer of EV Cargo Express and Palletforce said: “Dobbs Logistics not only meets our best-in-postcode criteria, giving our members a competitive edge, but also strengthens our overall service proposition in the Southeast for members and customers.
“We made a commitment to our members that we would put them, and their customers, front and centre in our business. In achieving that we’ve focused intently on quality service, adding 12 new members in 12 months, and continuing our investments in technology, infrastructure, and sustainability.”
Stephen Morgan, Dobbs Logistics Managing Director, said: “EV Cargo’s recognition of Dobbs Logistics as the unrivalled operator in the region is thanks to our reputation for quality and the hard work and dedication of everyone across our business.
“EV Cargo’s Palletforce network is renowned for excellence, and we are delighted to join a business which puts its members and customers first. We are looking forward to further developing our services, business proposition and securing the long-term future of the business.”
A team from Birmingham’s Cattaneo Corporate Finance, led by Charles Cattaneo and Jordan Phillips, advised Palletforce on the acquisition, legal advice was provided by Shakespeare Martineau (Michael Stace) and financial and tax due diligence was provided by Evelyn Partners (Mark Benka).
Dobbs Logistics received legal advice from Gaby Hardwicke (Mark Williams) and financial advice from Watson & Co (Geoff Slater).
