Cold Lineage – looking for hot M&A post-IPO?
The question is who’s the dinner and who’s the diner
With the small, under the radar sale of its container haulage and vehicle repairs businesses, LSE-listed Wincanton (£360m market cap) recently reduced its business lines to contract logistics (CL) focused on only four (operating) verticals.
In doing so, it has inadvertently contributed to spotlighting a new subset of listed transport and logistics corporates, aka pure-play CL operators (PPCLOs) – and yep, if no one else is claiming it, we’re coining that one at Premium.
Recap
It was pretty clear to most freight industry ...
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