News
Law firm Harper Macleod has advised the shareholders of Dalcross Group on its sale to Skytanking UK Ltd.
The Dalcross Group provides ground handling, de-icing, lavatory and water services, transportation, fuel services, catering, cargo, baggage, and freight forwarding services at Aberdeen and Inverness airports. In addition, the Group operates Highland Jet Centre Limited which provides private jet refuelling at Inverness airport.
Skytanking’s acquisition continues its expansion in the UK following the purchase of Star Handling earlier in the year. Skytanking is a wholly owned subsidiary of US-headquartered PrimeFlight Aviation Services, Inc., which has 8,000 employees and serves 225 airports around the world.
Harper Macleod’s corporate and M&A team, led by Stephen Chan with support from Ciaran McGowan, advised the Dalcross Group shareholders.
John MacCallum of the Dalcross Group said: “Stephen Chan and his team, especially Ciaran McGowan, provided us with a professional and diligent service through a particularly problematic share transfer agreement. Without Stephen’s attention to detail and sheer professionalism along with his excellent team, I doubt we would have reached a satisfactory conclusion. We would have no hesitation in recommending Stephen and his team at Harper MacLeod as their corporate knowledge was invaluable.”
Stephen commented: “This is a great result for the Dalcross Group shareholders and Skytanking. It means Dalcross will operate as a part of a larger group with its enviable resources, and that Skytanking has access to the experience of the entire Dalcross team.”
Harper Macleod’s corporate, commercial & regulatory team is one of the most active of its kind in Scotland. In the last 12 months, it has grown its proportion of transactions completed in Scotland where it was the principal advisor, completing 19% of all reported transactions (153 transactions out of a total of 793 to be reported). It advises on all aspects of corporate activity – from high-profile M&A to SME investment. It is one of Scotland’s largest with lawyers in Glasgow, Edinburgh and the Highlands, Islands and Moray.
It advises Scotland’s leading family-owned, employee-owned, and owner-managed businesses, specialising in healthcare, energy, marine and rural economies, technology, and food & drink. It is an expert adviser on business succession and to entrepreneurs and high-growth businesses, particularly those seeking investment. It supports businesses across the UK with their M&A activity.
This is a great result for the Dalcross Group shareholders and Skytanking. It means Dalcross will operate as a part of a larger group with its enviable resources, and that Skytanking has access to the experience of the entire Dalcross team.