European logistics provider Groupe Charles Andre (GCA) has acquired a 75 per cent stake in Simon Gibson Transport in a very deal brokered by Yorkshire advisers.
With bases spread all over the UK and operating throughout Europe, the East Yorkshire-headquartered company specialises in bulk powder transport, handling and storage.?GCA is often a family business that’s evolved into considered one of Europe’s leading logistics providers. In Montelimar, France, GCA has over 4,500?drivers and has now comprehension of the fields of chemicals, hydrocarbons, construction and dry-bulk products.
“Following the current recession, we diversified our business, widening our usage through the construction industry to some other sectors and for that reason we’ve seen significant growth over the past eight years,” said Simon Gibson, who continues within his role as md with the company.
“Joining forces which includes a major European operator like GCA will enable us to produce within this success and go ahead and take business to the next level. GCA features a strong reputation in France and operates a wide range of products. The thing will be to share this knowhow with Simon Gibson to allow this company in order to develop. We predict we share a similar values, creating this a perfect fit.”
Jonathan?Simms of Clarion, said: “Having worked with Simon Gibson since 2009, we’ve seen its impressive growth quality; it’s a great illustration of a resilient Yorkshire business which includes proved in a position to get used to new market conditions possesses flourished as a result.
“Simon has been in the position to retain equity in the market he’s created whilst also benefitting through the financial muscle provided included in a number one European group, enabling this business to tender for larger contracts trying to grow, creating a brighter and a lot more secure future.”
Roger Esler of DSW added: “We attempt to identify a strategic partner for Simon Gibson Transport that could support its continuing development and growth. GCA and Simon share a vision for any business additionally, the deal have been creatively structured to mirror this. It is great to play a component in this genuinely strategic acquisition using this program . sure that Simon Gibson Transport will thrive included in GCA.”
Simon Gibson Transport was advised by Leeds corporate lawyers Jonathan?Simms and Rachael?Stockley of Clarion. Corporate finance advice was supplied by Roger?Esler and Paul?Herriott of Dow?Schofield?Watts. Nasim?Sharf of Rollits in Hull provided legal services to GCA.