The Corporate and M&A team from independent UK law firm Burges Salmon has advised Schenk Tanktransport, one of the leading tank transport companies in Northwest Europe and backed by independent private equity firm Argos Wityu, on its acquisition of Suttons Tankers Ltd., a well-established UK road tanker logistics provider.
Suttons Tankers has a leading position in road tanker transport in the UK. The 100-year-old family-owned company is recognised for its strong heritage and good reputation and therefore fits well with Schenk’s core values. Suttons Tankers Ltd. will continue to operate as is under the name of Schenk UK under the leadership of Managing Director, Michael Cundy and Finance Director Chris Orger.
The Burges Salmon team advising Schenk Tanktransport and Argos Wityu was led by partner Andrew Mills, senior associate Katie Carter, associate Dan Wood and solicitor Will Penfold from the firm’s Corporate and M&A team.
Andrew Mills says: “It was a pleasure to advise Schenk and Argos Wityu on such a significant transaction, which will strengthen Schenk’s market position and geographic reach.”
Marcel Claessen, CEO of Schenk Tanktransport, adds: “We are grateful to the Burges Salmon team for expertly guiding us through this key strategic transaction.”
Maarten Meijssen, partner at Argos Wityu, comments: “It was a challenging transaction and timeline, and we appreciated having an adviser such as Burges Salmon who could master this level of complexity.”
Burges Salmon has a strong Corporate and Private Equity practice advising clients across a broad range of sectors. Much of the firm’s work has an international element, helping overseas clients expand into the UK and supporting UK-based businesses grow internationally. Co-ordinating advice for clients across jurisdictions, the firm acts for multi-national organisations and institutions, entrepreneurial businesses and high net worth individuals.