Van Elle sells HGV fleet to haulage firm

Grant Prior 6 hours ago
Share

Piling specialist Van Elle has sold its in-house HGV fleet to WS Specialist Logistics Limited for £2.9m.

The deal sees WS sign a five-year partnership with Van Elle to provide heavy haulage operations as its fleet, transport management team and directly employed drivers move into a new division of WS.

WS has paid a total of £2.9m in cash for the assets being transferred and assumed operational management from May 1.

Van Elle Chief Executive Mark Cutler said: “This new partnership with WS Specialist Logistics is a logical initiative for the Group; releasing capital to invest in areas of greater return as we enter a long-awaited period of anticipated growth in our core markets.

“WS Specialist Logistics have been an excellent partner to the business for several years and we look forward to drawing on their expertise to further improve our transport operations whilst keeping the support of our fantastic, loyal in-house transport team and drivers that perform so well for us 24/7.”

Latest news

Willmott Dixon wins Great Yarmouth waterfront deal

North Quay 10.5 acres mixed-use scheme to advance
2 hours ago

Care home fire trial collapses

Prosecution withdrawn against four firms including Morgan Sindall Property Services
2 hours ago

Eight take key spots on £250m Prosper framework

Housing and public building upkeep deal for North East awarded
2 hours ago

McLaren storms April contracts league with flurry of wins

Cardiff Bay Arena job headlines a series of big contract wins
6 hours ago

Balfour Beatty lifts cash forecast after strong first quarter

Contractor set to hit £1bn average monthly net cash in 2025
6 hours ago

Goldman Sachs-owned Adler & Allan buys 180-strong civils outfit

West Country's Glanville Environmental gets new owner
6 hours ago

Caddick lands first contract for £200m Skelmersdale revamp

Developer gets green light for masterplan
7 hours ago

Van Elle sells HGV fleet to haulage firm

WS Specialist Logistics pays £2.9m to take on fleet and drivers
6 hours ago

Buyers more bullish about prospects for year ahead

Residential "resilient" but commercial work a weak spot
1 day ago

Council backs first Brutalist car park-to-flats scheme

Newcastle-under-Lyme multi-storey car park to be reborn as pioneering homes scheme
1 day ago

Hinkley Point C hits peak build with 26,000 jobs

3,000 more workers to join as fit-out work ramps up
1 day ago

Over 40 firms win Wessex Water M&E minor works deal

Broad sweep of specialists picked for AMP8 programme
1 day ago

Spencer lands Scottish bridge hat-trick

Steelwork, gantries and bearing upgrades on Kessock, Forth and Tay crossings
2 days ago

Winners revealed for £1.5bn decarbonisation deal

Fusion21 confirms places for 40 firms: Full list
1 day ago

Cladding firm fined £225,000 after fatal fall

Court hears how cherry picker didn't reach all parts of repair job
1 day ago

Early call-out for Ebbsfleet Garden City infrastructure

Bidders day to set out plan for Ebbsfleet Central commercial scheme
1 day ago

Completed buildings caught-up in Gateway 2 chaos

Developer distraught after dealing with Building Safety Regulator
2 days ago

Aviva submits plans for 34-storey City office tower

Subject to planning work to start in autumn 2027
2 days ago

Murphy takes 40% stake in Aussie civils contractor

Firm enters Australasian market with stake in Sydney-based contractor Abergeldie
3 days ago

Moat seeks firm for £420m repairs and maintenance deal

15-year deal to upkeep 20,000 south east homes
2 days ago

Lynch takes over hotel for Sizewell plant operators

Hire giant now in the hotel business to guarantee accommodation for workers
2 days ago

Subcontractors wanted across Scotland

Latest Constructionline event in Glasgow: Register now
2 days ago

Six guilty of £2m bribery over Devon housing site deals

Corrupt building bosses and E.ON project chief and QS sentenced
7 days ago

1,650 former ISG staff launch legal claims

Redundancy Payment Service facing payout of more than £9m
7 days ago

Plans lodged for £1bn cancer research centre in Sutton

London Cancer Hub will deliver around 1m sq ft of lab and research space
6 days ago

London Met Uni seeks firm for £284m estate revamp

Contractor wanted to deliver capital works and FM
6 days ago

Delayed £2bn estate rebuild back on as Berkeley signs deal

Birmingham council development agreement paves way for 2028 Ladywood start
1 week ago

Tilbury Douglas boosts margin to 2.1% as profits double

Firm targets 3.5% margin by 2029 under new business plan
1 week ago

Subbies battle for fastest bricklayer title

Winchmore management team go back on the tools
1 week ago

Green light for revised McLaren Reading revamp

Mixed-use plans to transform Broad Street Mall site
6 days ago

Contractor services