Our Corporate Finance team helps CitySprint expand its Manchester operations with new acquisition
The courier and transportation services provider, CitySprint has agreed a deal to purchase a Manchester-based same day courier company, EcoSpeed.
Established in 2005, the highly regarded business supplies urgent courier and transportation services across Manchester and the surrounding areas. The acquisition by CitySprint, part of DPDgroup is the next part of an ongoing growth strategy to acquire strong performing regional courier businesses.
The MHA MacIntyre Hudson Corporate Finance team led by Corporate Finance Partner and Transaction Services Leader, Rob Dando alongside Corporate Tax Partner, Chris Denning delivered both financial and tax due diligence services to help CitySprint facilitate a smooth acquisition of EcoSpeed.
Rob Dando and Chris Denning commented on the deal;
“This is an exciting time for CitySprint both in recently joining the DPD group and in continuing its own growth plans in the UK. It was great to work with the CitySprint team on this transaction and we look forward to working with the team on more transactions in the future.”
Once the deal is finalised it will further strengthen CitySprint’s presence in the NorthWest of the UK. In return EcoSpeed clients will gain access to CitySprint's national delivery network operating from 30 sites across the UK.
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