The transaction services team at accountancy and business advisory firm BDO LLP in Birmingham has advised Palletline on its acquisition of S&S Distribution and its warehousing activities.
Birmingham-based Palletline is a leading UK pallet distribution network, with more than 6,000 vehicles, 12,000 staff and access to over 5,000,000 sq ft of warehousing space.
It has acquired Kent-based S&S Distribution, which under the ownership of brothers David and Ken Sanderson has worked closely with Palletline for 20 years. The acquisition will enable both organisations to build on the strength of an established business to offer the best service to their customers.
BDO director David Billington and Olly Cutting provided acquisition due diligence to Palletline.
Commenting on the deal, David Billington said: “This acquisition solidifies an already strong business relationship spanning 20 years. Palletline’s extensive national network and S&S Distribution’s knowledge of its local market means this is an excellent deal done for both parties and their customers.”
Palletline will retain the S&S company name and work in collaboration with the existing management team, led by Richard Ball, to develop and drive the regionally based haulage business forward.
Palletline’s managing director, Graham Leitch, said: “S&S Distribution is a business with a proud heritage and an enviable reputation both in Kent and throughout the UK. Together with our subsidiary, Palletline London Ltd, we will be able to further strength our market position in delivering excellent service in London and the South East. We respect the heritage of S&S Distribution and we look forward to working closely with the business to ensure its fantastic standards of customer-driven services continue.”