The Automotive Holdings Group has acquired Scott’s Refrigerated Freightways.
SRF is a national cold logistics business with refrigerated road and rail line haul, local refrigerated distribution and cold store warehousing.
It acquired the company for approximately $116 million, with the acquisition including JAT Refrigerated Road Services.
JAT is based solely in Queensland.
AHG managing director Bronte Howson said this takeover will see SRF combined with Automotive’s existing Rand and Harris operations, and will create the largest provider of transport and cold storage operations in Australia.
“This acquisition expands AHG’s customer base and product expertise and will diversify AHG’s exposure to seasonal peaks in fresh produce, allowing for more efficient use of infrastructure across the year,” Howson said.
SRF is forecast to generate FY14 revenues of around $237 million, and EBITDA of $25 million.