The Corporate Team at Michelmores comprising Roger Fink, Alex Watson and Edwin Richards is delighted to announce that it advised a management team combining existing operational expertise with external sector talent and led by new CEO David Tracey. David Tracey joined incumbents Scott McGinley, COO and Scott Merrick, IT Director and buy-in managers: Nick Frogbrook as CFO and Stewart Oades as Chairman.
Sovereign Capital, the UK private equity Buy & Build specialist, backed management’s acquisition of Dalepak with a significant investment and will work with the management team to develop the business further as it meets the increasing demand for its specialist services.
A family business founded in 1991, Dalepak offers customers a fully managed and bespoke, end-to-end solution for all of their logistic requirements. These include integrated warehouse solutions, contract packing, value added production services and carrier management. In the last three years, Dalepak’s revenue grew by 150 per cent. The business employs 265 staff which provide their services from over half a million square feet of warehousing space, across four sites in Northampton.
David Tracey commented:
“It was a pleasure to work with Michelmores on this deal. They, with Argyll Partners and Dixon Wilson, were very helpful in guiding the management teams through a transaction executed within a tight timescale”.
Argyll Partners acted as financial advisers and Dixon Wilson as tax advisers on the deal.
For further information please contact our Corporate team.
