London-based Mach 1 Couriers Ltd, one of the UK’s longest established companies in the express and same day delivery sector, has acquired Creative Cars & Couriers Ltd for an undisclosed sum.
Law firm Penningtons Manches advised the selling shareholders of Creative which was established in 1984 by CEO Lisa Byrne. The company provides executive cars and couriers in London and delivery services worldwide. The company will be brought under Mach 1’s umbrella which now comprises 20 courier businesses, including A to Z Couriers and Pink Express.
Mach 1 will acquire Creative’s fleet of approximately 50 passenger cars, 50 couriers and more than 1500 corporate accounts ranging from well-known media brands to legal companies. Creative will continue to trade under its current name in the short-term to guarantee business continuity for its customers.
The Penningtons Manches team was led by Oxford corporate partner David Tighe and supported by associate Nicola Harding. Commenting on the completion of the sale, David Tighe said: “It was a pleasure to help Lisa and Creative’s co-owner Tim Webb to achieve a successful exit for the business that they had created.” Lisa Byrne said: “I would like to thank Penningtons Manches for all their hard work and support. It was great to have them on our side.”