No user image
Robert.Jervis_43227 Jun 23

Mandata Group acquires Return Loads

Mandata Group acquires Return Loads image
Mandata has announced that Return Loads, the online freight exchange has joined the Mandata Group
The combination creates an organisation with approximately 2,000 customers and 80 employees that is very well positioned to help customers meet the challenges of a constantly evolving haulage and logistics sector.

Bringing Mandata’s Transport Management solutions together with the Return Loads work exchange platform is a very exciting proposition which will allow customers to expand their networks and win more business, execute that work more effectively whilst working in a more integrated way with partners and customers.

Chris Rigg, CEO of Mandata Group said:

“This is an incredibly exciting announcement. We plan to invest in the current Return Loads platform to add a significant amount of new functionality and look forward to sharing news of our developments over the coming months.

“Returnloads.net’s focus on using digital solutions to benefit the road transport and logistics sector matched our own objectives perfectly. This acquisition will help us diversify and expand our offering, while continuing to give customers the tools they need to reduce costs, drive efficiencies and improve productivity.

“Since LDC’s investment, we have made significant progress on our growth plan. Innovation underpins our model, so it’s been invaluable to work with a partner that understands how to support technology businesses and has the financial firepower, sector knowledge and heritage in the North East we need to achieve our ambitions.”

The deal comes two years after Mandata, which was formed in 1974, won £20m backing for a secondary buyout from LDC, the private equity arm of Lloyds Banking Group. LDC has funded the deal for Returnloads.net, with debt facilities provided by Santander.

Gareth Marshall, head of Newcastle at LDC, added:

“LDC actively supports management teams which are looking to grow their businesses through acquisition. This acquisition is a major milestone in Mandata’s growth journey and evidence of the strength of the North East’s technology sector during such an uncertain time for businesses.

“We have worked closely with Chris and the team to fund and support this acquisition. I’m confident Mandata is now even better positioned to help customers thrive as UK transport becomes increasingly digital.”

Mandata was advised by Muckle and KPMG