£4.6m deal for North Yorkshire distribution business

Xpediator a leading provider of freight management services has acquired North Yorkshire-based distribution company Nidd for £4.6m.

Nidd, which was founded in 1984 by Terry White, generated revenue of £11m to the year ending 30th April 2020, and employs 65 people from its base in Ripon.

Following the purchase, White who is still managing director, will retire from the business following handover period and Nidd will continue to be run by its current management team and operate under its own brand, but with the benefit of being part of a wider group. It will also offer synergies to both businesses with Nidd’s strengths in the North of England and Western Europe, complimenting Xpediator’s strengths in the Midlands and Southern regions of the UK and Eastern Europe.

Robert Ross, Xpediator CEO, commented: “We have known Nidd Transport for some time and its reputation for being an excellent regional freight forwarder. I am therefore delighted Tony has chosen to entrust us with the future of his business and all the people who work for Nidd. Our aim is simply to continue to grow the company and we are confident we can do so.

“Our client bases are similar but do not have significant overlap and while our services our comparable our geographic focuses are different. There are therefore immediate opportunities to provide greater geographic coverage to both client bases and we expect both existing client bases to benefit from the enhanced service offerings.”

White added: “It was important to me to find the right buyer for our Company and I believe we have done so, ensuring it’s long term success with a bright future for the loyal team of colleagues that have supported me over the years. While I am stepping away from the business I believe, by becoming part of the Xpediator Group, the future prospects for Nidd will be enhanced, in terms of continuing to provide our clients the high quality service they have enjoyed, together with being able to offer expanded services which will also create opportunities for the business to gain new clients.”