Van Elle, the Nottinghamshire-headquartered ground engineering contractor, has revealed a five-year partnership with WS Specialist Logistics, which will see WS Specialist Logistics take on the group’s heavy haulage operations.
This will include the disposal of Van Elle’s in-house HGV fleet and transfer of its transport management team and directly employed drivers, into a new division of WS Specialist Logistics dedicated to heavy plant haulage, which will manage and operate the entire fleet.
This partnership will allow Van Elle to reallocate the current capital employed plus the further planned investment required in the HGV fleet into growth initiatives driving greater returns for shareholders, whilst improving the utilisation of the ongoing transport operations and reducing associated corporate administrative costs by partnering with a specialist with capacity and neighbouring facilities to the group’s headquarters in Nottinghamshire.
WS Specialist Logistics have paid £2.9m for the assets being transferred.
Van Elle Chief Executive Mark Cutler said: “This new partnership with WS Specialist Logistics is a logical initiative for the Group; releasing capital to invest in areas of greater return as we enter a long-awaited period of anticipated growth in our core markets.
“WS Specialist Logistics have been an excellent partner to the business for several years and we look forward to drawing on their expertise to further improve our transport operations whilst keeping the support of our fantastic, loyal in-house transport team and drivers that perform so well for us 24/7.”
