Taygroup buyout deal

The parent company of Wigan-based haulier Taylored Lines and warehouse and distribution business Beeline has undergone a management buyout, in a deal valued at £8.75m. Taygroup , a £22m-turnover enterprise with 155 staff nationwide, has been sold by chairman Nicholas Taylor and finance director Paul Craven. The buyout was led by sales boss Jon Wright, … Continued

Founder of Haulage

Southport businessman Nick Taylor has sold the haulage business he founded 14 years ago to his management team in an £8.75m deal.Mr Taylor, chairman of Taygroup, and Paul Craven, the company’s finance director, have sold their shareholdings to an MBO team led by sales director Jon Wright and operations director Lloyd Dennaford. Mr Craven will … Continued