Sherrards’ corporate team has acted for the founders of its long-standing client, Gnewt Cargo, on the sale of their shares to Menzies Distribution. Founded in 2008, the Gnewt fleet provides final-mile delivery services in central London for retailers, e-retailers and parcel carriers such as Hermes and TNT. Menzies Distribution bought Gnewt Cargo as part of its diversification strategy and commitment to providing sustainable logistics support. Gnewt Cargo has the largest all- electric commercial vehicle fleet in the U.K.
Andrew Cooke led the Sherrards’ team in securing the sale very quickly, with the whole transaction being finalised within ten days. Andrew comments, “We have worked with Gnewt Cargo for many years on various corporate matters, property acquisitions and general commercial support which helped us deal with the sale in a very tight time frame”.
Matthew Linnecar, the founder of Gnewt Cargo comments; “Andrew and his team dealt with the sale in an extremely efficient and professional manner. I was most impressed by Andrew’s commercial aptitude and the way in which he managed to pull the deal together within the time required. I would not hesitate in recommending him to others.”