Five weeks after purchasing a North East transport business, its new Leeds owners have invested almost a quarter of a million pounds into the business.
Private equity firm Winch & Co, which bought Dedicated Transport Solutions (DTS) and its 250,000 sq ft industrial estate last month, has added two new trucks to the fleet as well as upgrading its office space.
DTS is the second haulage firm Winch & Co now owns. The company, which is looking to add five transport businesses to its portfolio, began its acquisition trail last October with the purchase of Northampton-based Eclipse Distribution Solutions.
It also appointed logistics expert Debra Hart – who has worked alongside a number of transport industry heavyweights including former Dragon Den’s investor, Hilary Devey – as Commercial Director.
The new trucks are MAN TGX 510s, and their arrival this week takes the company’s fleet complement to eight.
Nathan, Winch & Co Managing Partner, said: “Unlike some private equity investors we don’t acquire with a view to asset strip, we acquire with an intent to invest and grow the business.
“And that’s exactly what we have done within the first five weeks of owning DTS. We recognised the potential of this business, hence us not only purchasing these two new MAN TGX trucks, but also upgrading the office accommodation for the staff.
“This ‘early doors’ investment is in the region of £250,000 and demonstrates our belief in DTS and its team.
“The addition of these two vehicles to the fleet will enable us to compete for new contracts which were previously out of our reach.”
Winch & Co was founded by South Yorkshire entrepreneur Nathan Winch, who sold his first business in 2017. The business, which is based in the centre of Leeds and which has 100 full-time employees, invests in UK companies operating in FMCG, industrial and service-based industries, as well as deploying dynamic growth capital.