Haulage business acquired as expanding group advances north

Settle-based Floyd Schofield Haulage, which serves the bulk and general haulage market across the UK, has been acquired by DAA Transport.

The deal was made following substantial interest from both trade and private equity acquirers with 49 parties initially coming forward.

Floyd Schofield now joins parent company DAA Transport’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. The acquisition was overseen by KBS Corporate.

Jon Dando, of DAA Transport, said: “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.

“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.

“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.

“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.”

Luke Rae, KBS corporate deal executive, who oversaw the transaction, added: “It’s a fantastic opportunity for the business to grow as part of a larger group.

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