Acquisition of Suttons Group to Schenk UK

Press Release:

Acquisition of Suttons Group by Schenk Tanktransportation

Hickman Shearer Supports Key Acquisition in Tanker Transport

06.11.24 – Hickman Shearer, a leading provider of capital asset technical due diligence and valuations, is proud to have supported Argos Wityu and Schenk Tanktransport in the successful acquisition of Suttons Group Tankers.

Suttons Tankers, a renowned name in UK road tanker transport, will now benefit from the extensive expertise of Schenk, a major player in Northwest European liquid and gas transportation. This strategic acquisition marks a significant milestone for both companies. Suttons will now operate under the name Schenk UK.

Key Benefits of the Acquisition:

• Enhanced Market Position: The integration of Suttons Tankers as Schenk UK strengthens Schenk’s position as the leading provider of high-demanding liquid and gas product transportation services in Northwest Europe.
• Revenue Growth: Schenk’s revenues are set to increase by a substantial 50% following the acquisition.
• Expanded Geographical Reach: Schenk UK will benefit from Schenk’s extensive network across the Netherlands, Belgium, Luxembourg, and Germany.
• Diversified Product Portfolio: The acquisition allows Schenk to expand its product offerings, including liquid food, chemicals, gas, and biofuels.

Hickman Shearer’s Role:

Hickman Shearer provided critical Technical Due Diligence (TDD) and Valuation services to Argos Wityu, ensuring a comprehensive understanding of the target business.

Quotes:

• James Fox, Director at Hickman Shearer: “Our project was essential to the success of this deal. We were able to deliver a quick and efficient turnaround, enabling the deal to be completed on time.”
• Tim Howard, Managing Director at Hickman Shearer: “Hickman Shearer is proud to have been involved in this significant transaction. It showcases the strength of our TDD service line for international clients.”
• See Argos Wityu press release here >> Argos.Wityu
• See Suttons announcement here >> Sutton Group
• See Schenk Tanktransport announcement here >> Scheck Tanktransport

About Hickman Shearer

Hickman Shearer is a leading provider of capital asset advisory and corporate finance services. With a strong track record in the transportation and logistics sector, Hickman Shearer offers a range of consultancy services, including mergers and acquisitions, valuations, and debt advisory.

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