La Salle advises Speed Couriers on sale to trade buyer
La Salle are pleased to announce the completion of another deal.
La Salle advised Speed Couriers (Northern) Ltd in a deal which secured new ownership for the specialist medical courier company after 41 years of trading.
Deal summary:
The shareholders of Speed Couriers instructed La Salle Corporate to manage the sale of the company.
La Salle ran a confidential sale process in which a number of potential purchasers were sourced and more than one offer was received. The business has been sold to an undisclosed trade buyer, and the terms of the transaction are not being disclosed.
Company background:
Founded in 1985 by Managing Director Shaun Merrick and headquartered in Trafford Park, Manchester, Speed Couriers (Northern) Limited is a specialist same day courier with a core focus on the medical and healthcare sectors, where regulatory compliance, reliability and service responsiveness are key.
Over 40 years the business has built a base of more than 160 customers and become one of the most respected same day courier businesses in the North West. It has been a supplier on the Crown Commercial Service framework for over eight years and holds ISO 9001 and ISO 14001 accreditation.
Services include urgent blood transport, medical samples, medical supplies, medical records and prescription drugs, delivered by a network of professionally trained drivers using a partially electrified fleet. In 2023 the company acquired Caledonian Couriers, based in Glasgow, extending its reach across Scotland and the North of the UK.
Matt Dillon, Partner at La Salle commented:
"The whole La Salle team played their part in a successful process delivering multiple offers on the table.
It was a pleasure to advise Shaun and Ian on the sale, and I wish them all the best for the future."
Advisors:
- Corporate Finance (to Speed Couriers): La Salle Corporate (Matt Dillon)
- Legal (to Speed Couriers): Squire Patton Boggs
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