York Pullman deal completes with help from advisory services

York Pullman Bus Company’s sale to FirstGroup has now completed. The deal received advisory services from accountancy firm Azets and regional law business Andrew Jackson.

Azets advised York Pullman, which is based just outside York, throughout the sale process, including marketing of the business, deal negotiation and tax support. Nick Barker, Corporate Finance Partner, led the team, from Azets Yorkshire who acted for York Pullman, with Karen Sadler, Senior Manager in Tax Advisory, providing the tax support.

They worked closely with Tom James, owner and managing director of York Pullman, as well as a legal team led by Susie Mortonson, Corporate Partner at regional law firm Andrew Jackson.

Tom James will remain with York Pullman and continue to run the business under the same name with support from his existing team and First Bus.

“It was particularly important that we found a partner that shared that same integrity and values that have made the business such a success” – Nick Barker, Corporate Finance Partner, Azets Yorkshire

Nick Barker said: “It has been a privilege to assist Tom with the sale of York Pullman, which is such a well-known and well-regarded York name.

“Through Tom’s expert guidance it has grown to hold a dominant position as the leading independent bus and coach operator in the local market.

“It was particularly important that we found a partner that shared that same integrity and values that have made the business such a success and I am delighted that in FirstGroup we have found a new owner that is committed to continuing the name and good work of York Pullman.

“As the UK’s largest regional accountancy and specialist business advisor to SMEs, it is always professionally satisfying to help business owners see the years of hard work and commitment rewarded in such a way.

“The successful completion of this transaction marks a new chapter for York Pullman and FirstGroup as well as the transport sector in North Yorkshire.”

“York Pullman is a fantastic business and I wish them every success as the business enters a new chapter as part of FirstGroup” – Susie Mortonson, Corporate Partner at regional law firm Andrew Jackson

Susie Mortonson added: “It has been a pleasure to support and guide Tom and his team on this significant transaction.

“York Pullman is a fantastic business and I wish them every success as the business enters a new chapter as part of FirstGroup.”

“I am extremely grateful for the exceptional professional advice and guidance provided by Azets and Andrew Jackson Solicitors throughout the entire process” – Tom James, owner and managing director of York Pullman

Tom James said: “I am extremely grateful for the exceptional professional advice and guidance provided by Azets and Andrew Jackson Solicitors throughout the entire process.

“Their support will enable York Pullman to build and grow on its successes as it looks towards an exciting future with FirstGroup.”