Expect Distribution - Helping a management team take the reins through an MBO

Expect Distribution is amongst the UK’s most successful contract logistics operators within the haulage and warehouse sectors. The business was established by the Rushworth family, who have successfully run and grown it for over 30 years. In this time, its award-winning service has met and exceeded the needs of commerce and industry all over the UK. They deliver bespoke logistics packages from palletised and international distribution to contract logistics and warehousing for clients including Boost Drinks, Astonish and Card Factory.

The management team at Expect Distribution appointed Azets as they were looking to structure a Management Buy Out to secure the legacy of the business and become business owners themselves.  Azets provided corporate finance advice to Matthew Kilner and Andy Taylor the incoming management team, including advising on the deal structure and raising of debt finance to fund the deal. Rob Burton, Corporate Finance Partner at Azets in Yorkshire led and project managed the deal from start to finish and was supported by Richard Weston, Corporate Finance Manager.

The Azets team was able to secure a competitive and commercial funding package, ensuring the best terms and structure was agreed. Rob and Richard worked closely with the management teams’ legal advisors, enabling a fully project managed process and a smooth handover of ownership. This ensured minimal disruption for employees and customers and key stakeholders of the business.