International freight forwarding company Spatial Global has acquired Hollyport Logistics for an undisclosed consideration, advised by Browne Jacobson.
Spatial Global, which is part of the Keswick Enterprises Group, is headquartered in Castle Donington and was founded in 1980.
Hollyport Logistics is based near London Heathrow and was founded in 2010. Hollyport provides freight and customs services in various sectors, including the IT sectors and operates various international transport services including air, road and sea freight and custom clearance. It also has a dedicated storage, handling and delivery service within a third-party location (3PL) operation in Amsterdam for EU shipments.
The transaction will enhance both parties’ capabilities of international & domestic freight movements, warehousing capabilities and customs brokerage and will offer access to a wider range of carriers.
The Browne Jacobson team comprised partner and head of the firm’s Manchester office, Peter Allen who led on the transaction along with associate Harpinder Nahl. Senior associate Lincoln Darlington advised on real estate aspects and associate Christian Burchardt advised tax.
Peter Allen said: “There is great synergy in the values of both Spatial and Hollyport. They both have solid market strengths in providing high quality logistics and delivery solutions to a diverse customer portfolio, so it makes sense for Hollyport to come into the Spatial fold, in a move that offers both businesses a fantastic opportunity to bolster their international and domestic freight operations.”
Mike Wallis, executive chairman of Spatial Global, said: “The opportunity to acquire Hollyport arose and very early on we saw a business built on the same values that we work to. We are very pleased that all staff at Hollyport Logistics Ltd will remain as they are vital to the process and relationship with the customers and suppliers. We are happy to have a Heathrow base going forward.”
