- Blandy & Blandy LLP Advises Reading Buses on Latest Acquisition
Blandy & Blandy LLP’s Corporate team, led by partner David Few and assisted by solicitor Stuart Rose, has advised Reading Buses (Reading Transport Limited) on its acquisition of Newbury and District Limited.
Explaining that the deal to acquire Newbury and District, which has operated routes in the area since 1932, Reading Buses’ interim CEO Tony Pettitt said: “We have been looking at ways of strengthening and expanding our network and after the recent success with our Green Line and Thames Valley services to the east of Reading we realised we had a great opportunity on our own doorstep.
As they have many times in the past, Blandy & Blandy once again provided us with appropriate advice and support on a wide range of potential issues, helping us to complete the acquisition of local bus operator Newbury & District.”
Few, who has advised Reading Transport for more than 30 years, commented: “I am very pleased to have worked with Reading Transport since 1985 and to watch the company continue to thrive and grow. It is without doubt one of the leading and most respected bus operators in the country, evidenced through its success and a series of awards.
Advising on a range of areas, we look forward to supporting Reading Transport’s continued growth and to working with Tony, new CEO Robert Williams and the team.”
The companies, which together have more than 600 employees, have worked closely together for many years, operating the Jet Black 1 route between Reading and Newbury. Reading Buses has also successfully run the Kennections network under contract to West Berkshire Council since September 2016.
A finalist at the 2017 Thames Valley Deals Awards, Blandy & Blandy’s Corporate team is highly recommended in the UK’s leading guides to law firms, Chambers UK and The Legal 500.