Eddie Stobart in buyout deal that values company at £280m

WHEEL DEAL: Eddie Stobart sold - but still part of the family

WHEEL DEAL: Eddie Stobart sold - but still part of the family

First published in News

CUMBRIAN haulage and logistics company Eddie Stobart is being sold by its parent, the Stobart Group, in a deal that values the company at £280m.
 

The majority stake was bought by a team led by William Stobart and backed by DouglasBay Capital.
 

William Stobart will leave the Carlisle-based group's board to become chief executive of Eddie Stobart Logistics and lead it as a private company.

Comments (1)

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2:08pm Sun 9 Mar 14

shirtbox says...

With £51 million of debt fast eddies mob had no choice in order to save the day,they say they are concentrating on the loss making airport,railway and bio-mass operations.the writing is on the wall yet another haulage firm ready to be snapped up by Detressangle.5000 jobs at risk here by capital investors who will asset strip for sure.
With £51 million of debt fast eddies mob had no choice in order to save the day,they say they are concentrating on the loss making airport,railway and bio-mass operations.the writing is on the wall yet another haulage firm ready to be snapped up by Detressangle.5000 jobs at risk here by capital investors who will asset strip for sure. shirtbox
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