Advisors from the Manchester office of Ernst & Young have helped haulage business Eddie Stobart in coming to its decision to merge with Westbury Property Fund in a £138m deal.
The team, led by partner Simon Oldfield and director Richard Harding of the Manchester office, carried out vendor due diligence for Eddie Stobart then acted as reporting accountants for Westbury.
Simon Oldfield said: 'We were involved in helping Andrew Tinkler and William Stobart acquire Eddie Stobart in 2004 and have been very impressed with the progress they have made in improving the business since then.
'This latest chapter of development adds a new dimension in that it brings together two companies which will see huge commercial and environmental benefits in combining road haulage and storage with rail freight and waterborne transport systems, thereby offering customers a truly integrated transport and logistics solution.'
The deal which will create a transport and logistics business with rail, road and port activities with net assets of over £250m
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