OTB Eveling recently acted for M&D Transport Limited in the sale of its refrigerated transport business to Gregory Distribution Limited. The transaction was completed on 31 July. Around 33 M&D employees will transfer to Gregory Distribution, along with owners Cathy and David Stapleton. The deal also includes M&D’s fleet of 18 tractor units and 27 trailers.
James Eveling, partner at OTB Eveling led the transaction.
James commented: “We were delighted to work with Cathy and David on what was a highly collaborative transaction between the parties and their advisors. The result was that issues were resolved sensibly and in a timely manner making the transaction relatively straightforward.”