A multi-disciplinary team from Addleshaw Goddard and La Salle have advised the shareholders of Norfolk based haulage company Neil Bomford Haulage, on their sale of the company to Howell Gordon Ltd.
Founded in 1980 with just two tractor units and four open flat trailers, Neil Bomford Haulage has quickly grown its fleet to over 150 trailers and 90 vehicles, becoming one of the most successful operators in the rapidly growing express pallet delivery market, and its success is expected to continue under new ownership.
Neil Bomford, founder and shareholder of Neil Bomford Haulage, comments: "I cannot thank Addleshaw Goddard enough for their hard work on this transaction, which included weekend and late night calls and assistance to get the deal over the line. I look forward to working with Addleshaw Goddard again soon."
Richard Hunt, Corporate Partner at Addleshaw Goddard, added: "We are very pleased to have been able to advise the shareholders on this transaction. Neil has worked very hard to build a hugely prosperous company and I have no doubt it will continue its successful growth trajectory under new ownership. There is considerable activity in the transport and logistics sector and we continue to build on our market leading reputation in this field with this transaction. "
Matt Dillon, Partner at La Salle, adds: "Having founded the business some 38 years ago, Neil created a reputable Haulage company within the South East of England. His reputation in the local market was second to none and from our initial meeting, we clicked immediately. It was a tough process, but we remained resilient to get the deal over the line. Neil deserves his retirement after all those years of hard work and I am truly delighted for him with the end result. It was a pleasure to advise Neil on this deal and we will remain friends. Howell Green have acquired a gem of a business which I am sure they will take to the next level. I wish Ian and his team every success in the future."
Corporate Finance was provided by Matt Dillon from La Salle Corporate. The Addleshaw Goddard team consisted of Richard Hunt with Carly Gulliver, David Parker, Aidan Barry (Corporate), Andrew Williamson (Real Estate), Jade Chan (Tax) and Andrew Fordham and Jen Hanson (Banking).