QUBE Logistics (Aust) has announced it would acquire specialist transport, storage and handling business, Maritime Container Services (MCS).
Sydney-based MCS provides road and rail based services across two sites next to Port Botany at Cooks River and Banksmeadow.
According to a Qube statement, the existing leadership team of David and James Wright is to continue to manage MCS on a “business as usual” basis.
“We are looking forward to joining the Qube team and to continue delivering the high level of service MCS customers enjoy today,” the Wrights were quoted as saying in the statement.
James Wright told DCN of the “synergies” between the two businesses.
“Qube is a very experienced rail operator and there are a lot of synergies between the two businesses,” Mr Wright said.
Qube Logistics director John Digney said “MCS is a well-run, high quality business and I am personally delighted that David and James have committed to continue managing it on a day to day basis”.
Qube is set to preserve the MCS brand and culture, and provide support to David and James Wright.
All customer contacts are expected to remain the same.
Advisers on the transaction for MCS were Lachlan Benson of Blue Arcadia, David Potaznik of Cavendish Associates and Colin Biggers & Paisley Lawyers.
Qube was advised by Watson Mangioni Lawyers.