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Howes Percival advises on sale of warehouse and distribution business

Law firm Howes Percival has advised the shareholders of Cambridgeshire based Masters Logistical Services Limited on the sale of the entire issued share capital in the company to Knowles (Transport) Limited.

The company was founded in 1982 and is a well-established warehousing and distribution business, based in Stretham, near Ely.  March-based Knowles dates back to 1932 and provides a wide range of distribution and storage services.

The transaction, valued in the region of £5m, consisted of the sale of the shares in Masters Logistical Services Limited, with Howes Percival advising the sellers on all aspects of the transaction from heads of terms stage through to completion.

PEM Corporate Finance also advised the sellers, while Backhouse Jones and Habourside Corporate Finance acted for the Buyer.

The Howes Percival team was led by Corporate Partner Oliver Pritchard, supported by Helaina Mann.  The firm’s Laura Brown advised on the employment law aspects of the deal and Steven Beach on property matters.

Howes Percival’s Oliver Pritchard commented, “We were very happy to be able to advise the shareholders of Masters on this transaction. Despite the recent economic uncertainty, we are continuing to receive instructions from sellers who are looking to sell their businesses for a good price and for businesses to use acquisitions to facilitate growth.”

For more information on Howes Percival’s Corporate team or help with acquisitions or disposals, please visit our website here https://www.howespercival.com/services/corporate/

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For further information please contact: gordon@mawcomms.co.uk

Notes to editors:

Howes Percival has offices in Cambridge, Leicester, Manchester, Milton Keynes, Northampton and Norwich.  It has 47 partners and 171 lawyers in total.

The firm is recommended in The Legal 500 – the authoritative guide to the UK’s leading law firms.  In the 2023 guide, no fewer than 10 different departments achieved the guide’s highest possible ranking (Tier 1): Corporate and Commercial; Dispute Resolution – Commercial Litigation; Dispute Resolution – Debt Recovery; Finance – Insolvency and Corporate Recovery; Human Resources – Employment Law; Private Client – Tax, Trusts and Probate; Real Estate – Commercial Property; Real Estate – Property litigation; Real Estate – Environment & Planning; Intellectual Property.