Chemical and transport specialist, HW Coates, has secured the long-term desolate man Lincolnshire haulage company RASE Distribution after buying the businesses.
RASE owners, Geoff Hill and Kate Dame, sold the family-run business towards the Leicestershire firm with an undisclosed sum.
Mr Hill will continue for everyone the company to be a Director.
Founded by David and Jean Hill in 1967, Langworth-headquartered RASE provides transport and storage serves towards the packaged hazardous goods sector.
Andrew & Co Solicitors acted with respect to RASE together with Streets Chartered Accountants’ Corporate Finance Partner Neil Gray.
Associate Partner Paul Simpson said: “Andrew & Co comes with an n established record of advising on mergers and acquisitions and features been my pleasure to work alongside Geoff Hill as well as RASE team in the deal.
“RASE has led with the front rolling around in its field for upwards of Fifty years and I’m confident they may carry on and go from strength to strength beneath HW Coates group.”
Mr Hill added: “This was obviously a landmark decision that may provide long-term business continuity and succession for our own staff and our customers.
“In HW Coates we have found a powerful partner which has a similar culture to RASE. Together with extensive experience in the high-value, high-quality logistics industry, they can be well financed and also have the need to carry on and enjoy the business we certainly have grown over the last Five decades.”