Sale of Warehouse and Distribution Business

Howes Percival advises on sale of warehouse and distribution business

28th October, 2022

Howes Percival has advised the shareholders of Cambridgeshire based Masters Logistical Services Limited on the sale of the entire issued share capital in the company to Knowles (Transport) Limited.

The company was founded in 1982 and is a well-established warehousing and distribution business, based in Stretham, near Ely. March-based Knowles dates back to 1932 and provides a wide range of distribution and storage services.

The transaction consisted of the sale of the shares in Masters Logistical Services Limited, with Howes Percival advising the sellers on all aspects of the transaction from heads of terms stage through to completion.

PEM Corporate Finance also advised the sellers.

The Howes Percival team was led by Corporate Partner Oliver Pritchard, supported by Helaina Mann. The firm’s Laura Brown advised on the employment law aspects of the deal and Steven Beach on property matters.

Howes Percival’s Oliver Pritchard commented,

“We were very happy to be able to advise the shareholders of Masters on this transaction. Despite the recent economic uncertainty, we are continuing to receive instructions from sellers who are looking to sell their businesses for a good price and for businesses to use acquisitions to facilitate growth''

For more information on Howes Percival’s Corporate team or help with acquisitions or disposals, please click here.

Stay up to date

Howes Percival turnover up 10% in 2024

Howes Percival’s turnover increased 10% on a pro-rata 12-month basis in 2024, according to its latest…

Read Article

Howes Percival achieves highest possible ‘Best Companies to Work For’ accreditation

Leading law firm Howes Percival has been ranked in the ‘Best Companies to Work For’ list for the fifth…

Read Article

News

Here you can find all our news including expert legal opinion on the matters that affect you and information…

Get in touch

To contact us, please fill out this form and we will get back in touch as soon as possible. Your personal data will be processed in accordance with our privacy policy which can be found here.

Thank you for your enquiry. We will respond as soon as possible.

First Name

Last Name

Phone Number

Location

Email Address

Service Required

Message