98 LAWYERMONTHLYMARCH 2023 Enact Acquires SEA Transport About the Deal GJC Advisory advised the management buy-in (MBI) team of Enact, an SME fund managed by private equity house Endless, in its acquisition of SEA Transport. Ward Hadaway also advised the MBI team, while Womble Bond Dickinson and Tax Advisory Partnership supported Enact and Gotelee advised the seller. SEA Transport is a familyowned port services and maritime haulage business that provides services to the maritime container sector. Since its founding in 2000, the company has grown to an operational footprint of 100,000 sq. ft., including an 82,000 sq. ft. bonded warehouse on Felixstowe port in Suffolk. The acquisition will retain the incumbent founding family members of SEA Transport while supporting additional growth in Felixstowe at the same time as extending the firm’s business model to further UK ports in a controlled expansion. “We are delighted to acquire SEA and provide the investment needed to support the expansion of the business to additional ports around the UK to create a national platform providing specialist port services and maritime haulage,” said Felix Connolly, investment director at Enact. “We are looking forward to supporting the founding family members and MBI team to deliver further growth and development of the SEA brand.” Transaction Interview Advisor to MBI: Advisor to SEA Transport: Advisors to Enact:
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