SJ Bargh announces acquisition of RG Bassett & Sons
S J Bargh Ltd, the leading milk logistics company in the North West of England, has acquired R G Bassett & Sons Ltd (Bassetts), in a deal advised by BCMS.
First established in 1897, Bassetts provides comprehensive transport services throughout mainland UK, including general haulage and overnight palletised distribution, warehousing and driver training. The company, which is based in Tittensor, Stoke on Trent, has a modern fleet and an 11-acre site well positioned for nationwide deliveries. The company works with an extensive and loyal multi-sector client base.
The acquirer, Lancaster-based S J Bargh Limited, provides specialist logistics including milk distribution. The firm collects four million litres of milk daily for clients including Arla Foods, Joseph Heler and Müller Milk and Ingredients. Established in 1935, S J Bargh has a rich history and has extensive transport, warehouse and logistics experience.
As part of planned strategic growth and geographic expansion, and in-line with other expansion plans in the area, this acquisition strengthens S J Bargh’s general and palletised haulage capability and provides larger warehousing capacity.
The S J Bargh Group now comprises 500+ employees across four sites in the North West and Midlands with a fleet of 500+ vehicles and assets, along with 120,000ft2 of warehousing.
Ilan Elfassy of BCMS, who led the transaction, notes: “Working closely with our clients, we had a clear understanding of what was important in terms of a successful outcome. BCMS were able to secure a high level of interest, in a sector experiencing increasing levels of Mergers & Acquisitions interest, negotiating with 11 interested parties.
“The synergies between the two companies were clear from the initial discussions, as they have similar backgrounds and customer-centric operations. Both well-established, successful, family run companies, S J Bargh was the perfect acquirer for the continued growth of Bassetts and to provide future opportunities in the area.”
Claire Bassett, Director of Bassetts, says: “We are delighted because we know there is a very bright future ahead with S J Bargh, not least because they share our family values and complement our services. Laurence Bassett and I will remain in the business to ensure there is a smooth transition and continuity for our customers and employees.”