Dow Schofield Watts has advised the shareholders of O'Connor, a rail-connected freight handling business on its sale to Westbury. The acquisition was part of a series of transactions to transform the Company into a multi-modal transport and logistics business giving its customers access to road, rail, deep sea and inland waterway transport systems and deep sea port, inland port and rail-connected storage facilities. Westbury was also renamed Stobart Group Limited

 

The aggregate consideration of £23 million and in addition Westbury assumed circa £4.5 million of net debt. The consideration to be paid in cash and loan notes.