PE-backed Walkers Transport buys MTH Express Services

Following the acquisition, the enlarged Walkers Transport group will have a combined turnover of £48m.

In 2017, Total Capital Partners backed the £20m management buyout of Walkers Transport, led by CEO Richard Simpson, making a hybrid debt and equity investment of £13.5m in exchange for a 60% equity stake in the company.

Founded in 1979, Leeds-headquartered Walkers Transport is a logistics company providing pallet collection and delivery, freight forwarding, and warehouse services. Walkers Transport moves 1.2 million pallets each year. 

Company
MTH, which also traded as Palletways 51, operates a fleet of trucks specialised in pallet transportation. Based in Fradley, it covers the areas of Staffordshire, Shropshire and Derbyshire. MTH generated sales of circa £9m in 2018.

People
Walkers Transport – Richard Simpson (CEO).
Total Capital Partners – Mark Buttler (partner).

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