Acquisition: Tower Transit Limited
Crowe advised Tower Transit Limited (Tower Transit) on the acquisition of Huyton Travel Limited (HTL), an independent bus operator, with over 30 buses, that has been a cornerstone of public transport in the Liverpool City region for over 40 years.
Tower Transit is a UK subsidiary of the Kelsian Group, which is listed on the ASX, a transport provider and tourism operator with established bus operations in the UK, Australia, the USA and Singapore.
The acquisition strengthens Kelsian Group’s position as a leading essential transport operator, now with a significant foothold in Liverpool, ahead of the rollout of franchising in the region, and reinforces its strategic growth ambitions and vision for successful expansion into markets with organic growth opportunity.
Crowe's Role and Team
Crowe provided financial and taxation due diligence services. Crowe's Corporate Finance team was led by Peter Varley and George Lawford, supported by Sacha Alam. Tax due diligence services were provided by Emma Reynolds, Alice Bean and George Bennett.
Client quote
"Crowe’s expertise, professionalism and dedication allowed us to make informed decisions with confidence, and their commitment to going above and beyond was crucial in closing the deal successfully"
Samuel Ribeiro, Managing Director, Tower Transit Limited.
