Freight Mergers (the trading name of Freight Solutions Consulting Limited) has acquired the UK-based Mergers and Acquisitions advisory firm Peter Farmer Associates Limited (PFA) in January 2018.
PFA was founded as a consultancy business in 1990 advising on mergers and acquisitions within the freight, transport and logistics market. Peter Farmer, a chartered accountant, has spent the majority of his working life in the freight and transport sector, including owning and running a forwarding business which he sold at the end of the 1980s. This event sparked his interest and involvement in M&A. During his time in the transport world, Peter was Hon. Treasurer of the British International Freight Association as well as sitting on the Board of the Chartered Institute of Transport.
Since starting PFA, which was converted into a limited company in 1999, the business has conducted the sale of numerous companies over the years. These range from finding suitable exit arrangements for retiring owners of small freight companies through to identifying appropriate target businesses with specific locations or niche operations for global freight groups. Over the last 27 years PFA has been responsible for concluding hundreds of successful combinations.
Now planning for retirement, Peter Farmer has reached a working arrangement with Freight Mergers, joining forces on many projects for both buyers and sellers to the benefit of the two client bases. This combination, described by Director and owner of Freight Mergers, Craig Headford, as ‘a perfect growth strategy at a time where Freight Mergers has just concluded its best trading year to date’, was headed up by principal Freight Mergers consultant Jack Lonnen. With numerous relationships established by PFA over a period of decades, this acquisition gives Freight Mergers a fantastic addition to its already extensive network within the freight, transport and logistics industry.
Peter, who will continue working alongside Freight Mergers as a consultant, will be able to provide clients with additional experience and expertise. He commented, ‘this is the ideal way to ensure that the strong bonds and professional relationships with a significant section of the freight and logistics market are able to be maintained and developed’. Both parties are enthusiastic about what the future holds and excited in being able to realise the opportunities that the combined businesses will provide.