Transtar deal will see firm stick to its roots
FREIGHT forwarding firm Transtar has been bought by its management in a deal backed by a fund designed to strengthen commerce and create jobs in South Yorkshire.
Lee Bolsover and Jayne Wilkinson, who have been at the firm for the past 10 years, secured an investment of GBP500,000 from the South Yorkshire Investment Fund (SYIF).
Transtar works with suppliers such as DHL to offer freight forwarding services throughout the world. The deal, for an undisclosed sum, was financed through a mix of loans and equity supported by a facility from Royal Bank of Scotland.
