Law firm BPE has advised the Mears Group plc on the sale of United Fleet Distribution, its vehicle distribution division, for £2.8m to BCA, the UK market leader in vehicle remarketing.
Corporate Partner John Workman managed the deal.
Chief Executive of Mears, Bob Holt said: “UFD played a significant role in the growth and maturity of Mears over the past 10 years and represents our first ever disposal. I would like to thank the UFD management team and wish them future success. The activities of UFD were non-core and the offer represents excellent value for Mears. The disposal will allow Mears to be even more focused on its core operating divisions.”
Corporate Partner John Workman managed the deal.
Chief Executive of Mears, Bob Holt said: “UFD played a significant role in the growth and maturity of Mears over the past 10 years and represents our first ever disposal. I would like to thank the UFD management team and wish them future success. The activities of UFD were non-core and the offer represents excellent value for Mears. The disposal will allow Mears to be even more focused on its core operating divisions.”
