Grant Thornton advises Truckeast Holdings Limited

Truckeast is one of the largest Scania franchise partners in the UK, with 17 sites strategically located across the East of England and the East Midlands, serving a customer base in a broad range of sectors including large national freight and logistics companies

Scania, part of the larger Traton group, is one of the world’s leading truck manufacturers, known for the premium quality of its product

Grant Thornton’s Corporate Finance team were engaged by John Biggin, Chairman of Truckeast, to lead a sale process

The Grant Thornton team worked closely with the company and shareholders to develop a bespoke transaction strategy and to realise the value of Truckeast

Grant Thornton ran a competitive process, leveraging its extensive sector expertise, and navigated complexities to protect value at every juncture. Our hands on and practical approach to negotiations, ensured an optimal outcome for our client

The shareholders ultimately chose Scania as the preferred acquirer to ensure the long-term success of the business under new ownership