Spatial Global broaden offer with Acquisition
22nd February 2023
We're delighted to have acquired 100% of the shares of Hollyport Logistics, a Heathrow based freight forwarder, operated by its founder, Jerry Holmes since 2010.
Both organisations will benefit from the new structure
The acquisition means Hollyport Logistics gets the backing of Spatial Global and the wider services portfolio, as well as the additional reach and financial support of Keswick Enterprises. To Spatial Global customers, the acquisition will bring several benefits - starting with a Heathrow location, customs badge with direct access to handling and transport services. What's more Spatial Global also gets a 'Brexit assisting' solution for exports to the EU. As Hollyport Logistics as fiscal representation in Amsterdam that allows UK shippers access to the whole of the EU with single customs clearance.
Same people speaking with the same customers - just a broader offer
Mike Wallis hit it off with Hollyport Logistics founder Jerry Holmes, who set the Heathrow based freight forwarder up back in 2012. Jerry had been looking for a buyer who would work with him on his managed exit and retirement plan.
Once it was known the business was potentially available, I received a lot of interest. I met with many potential buyers but the fit wasn't great. Then came along Mike Wallis, and Spatial Global. This was the first time I felt there was a shared vision, Mike was by far the most honest and straightforward of all the people I met through the process. He was someone who I felt I could trust with my loyal team here. I was delighted when we were able to agree on the financials and future for Hollyport Logistics. There are exciting times ahead and I feel energised by the opportunities this acquisition holds.
Hollyport Logistics founder Jerry Holmes
Mike Wallis is Executive Chairman of Spatial Global and has been a Main Board Director of parent company The Keswick Enterprises Group since 2005. He is also Partner in Graphene Partners and Director of Tibbett Logistics – both Keswick Enterprises companies.