Kings keeps consolidating with P&F Haulage buy


Northern Territory firm bolsters new owner’s presence in the north of the country

Kings keeps consolidating with P&F Haulage buy
Kings is keen on national heavy haulage

 

Kings Consolidated Group’s national expansion strategy continues apace with the purchase of Darwin-headquartered P&F Haulage.

With annual revenues of about $1.5 million, P&F Haulage specialises in heavy freight with a fleet of more than 20 company-owned pieces of equipment.

The majority of that consists of prime movers, crane trucks, 12 tonne rigid vehicles, semi-trailers, extendable trailers and drop deck trailers.

"This acquisition will significantly increase our capability to offer further services to our existing clients and expose us to new vertical markets," Kings managing director Scott Peacock says.

"The P&F Haulage acquisition is Kings’ sixth in the last five years and we will continue to aggressively seek further strategic opportunities across the general transport, contract logistics and haulage sectors as we look to continue to diversify our customer base and service offerings."

Purchase price was not divulged but when it came on the market $1.5 million was sought for the family-owned firm established in 1993 that also trades as Darwin Crane Truck Hire and Darwin Tilt Tray Hire.

It was described as dealing mostly with the construction industry, steel suppliers and manufacturers, and gas supply firms, with major customers said to be Onesteel Reinforcing and Bestbar Reinforcing.

Its Pinelands premises is about 2,450 square metres, with 650 sqm of warehouse.

The move comes 12 months after Kings’ South Australian arm announced it was moving into heavy haulage.

But the company did not stop there, with New South Wales outfit Walker’s Haulage snapped up in February and Kings revealing it had national ambitions in that market.

 

 

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