Shorts and Dawson Radford part of team advising on sale of Freight Despatch Worldwide
Shorts, alongside fellow Chesterfield Champions Dawson Radford Solicitors and other financial services companies, acted as advisors, legal representatives and funders, to Steve Bowling and Derek Libberton on the purchase of Sheffield based Freight Despatch Worldwide (FDW) Limited.
International Freight Forwarding Specialists FDW was established in 2004, by John Collumbine who had over 30 years’ commercial and forwarding experience. Over the last 15 years, the company has forged close relationships with UK & Overseas Carriers and freight partners throughout the world.
Martin Dean, Corporate Finance Executive at Shorts comments: “We are delighted to have advised Steve and Derek on the successful completion of this transaction, and we look forward to seeing the continuing success of the business under new ownership.”
Joanna Dawson, Solicitor acting on behalf of the purchasers said: “Derek and Steve have a great opportunity to grow the business established by John, and I am pleased that we have been able to support them with that. I look forward to seeing their progress as the company develops”.
John Collumbine said “When I made the decision to sell, I was extremely happy that Derek and Steve wanted to take over running the business. As part of the existing senior management team, I know that FDW is in safe hands with them and I am very much looking forward to watching them continue to grow and succeed.”
Steve Bowling and Derek Libberton added “As far as existing clients are concerned it will be business as usual and we are very excited for the next phase of what promises to be an exciting period for the company. We are very much looking forward and are ready for the challenges ahead.”
