M&A: £7.2m deal allows Freight Forwarding company to acquire their competitor as a part of acquisition drive
The Problem:
This Midlands based logistics company was not able to expand operations quick enough to cater for increased demand, with stagnant growth indicators.
They experienced lag time in vehicle purchasing owing to supply chain issues and struggedto find target acquisitions.
The Solution:
With the help of the FBX team, we assisted the client with target negotiations (50% cash up front / 50% earn out).
FBX assisted to acquire an ABL facility utilising undrawn aged receivables through invoice discounting and leveraging unencumbered vehicles and assets. This resulted in the business remaining cash positive and allowed our client to ramp up operations and take on new and existing contracts.
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