Smith Cooper Corporate Finance provided deal advice to the management of Transcare which provides repair services for independent commercial vehicles. Consideration terms were not disclosed.
Leading Midlands based independent commercial vehicle repairer, Transcare 28 Limited, a Road Transport Engineering business, which operates from Alfreton and Ilkeston, has been acquired from its founder and Managing Director Paul Appleby by Darren Parkin, who has been with the Company since its inception and who was previously a director and minority shareholder, and the management team.
The MBO was advised on by Partners Natasha Smith and David Nelson of Smith Cooper. David Nelson, Business Advisory Partner at Smith Cooper provided advice on the acquisition, its structure and dealt with the raising of funds.
Smith Cooper Team