Wilkes Corporate Team advise on sale of LTS Global Solutions through MBO
The Wilkes Corporate Team, led by Jeremy Parkin, have advised the owners of Birmingham based client LTS Global Solutions on the sale of their business to management.
LTS Global Solutions were established in 1999 as a transport operator offering clients services relating to logistics, transport and shipping.
The company currently employs 60 people at its Midlands HQ and plans to create a further six new jobs next year, when it anticipates taking on additional premises to handle new incoming contracts.
Leading the MBO team was current Managing Director Dave Hands and Mirza Baig, LTS’s Director of International Services.
When asked about the service received from Wilkes, Les Nunn, Founder of LTS said “Throughout the process I was put at ease by Jeremy Parkin and Mike Linford. I sincerely appreciated their responsiveness, knowledge and ability to deal with any issues that arose throughout this process. The way they conducted themselves was totally professional and I would have no hesitation in using them again or recommending their services to others. Complete satisfaction.
Commenting on the deal, Jeremy Parkin, Partner in the Corporate Team at Wilkes said: “Working with Les and his team was an absolute pleasure. Throughout the process Les had a clear idea of what he was looking to achieve from the business sale, which was a huge help in the negotiations. We wish Les all the best for his well-earned retirement.”
This is the latest in a growing line of M&A work for The Wilkes Partnership, following the completion of deals across a range of sectors including Financial Services, IT software, FMCG, events and health and social care.