Squire Patton Boggs has advised Clipper Logistics plc, a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, on the acquisition of the entire issued share capital of Tesam Distribution Ltd for a consideration of £11.75 million.

Tesam is a provider of a variety of warehousing and distribution services to the retail sector. The business, which operates from three sites in and around Peterborough, totalling more than 1.1 million square feet of space, was established in 1984 and employs 250 people.

The Squire Patton Boggs team advising Clipper Logistics was led by Leeds Corporate partner Adam Hastings, assisted by Mae Salem (Corporate), Peter Morley and Emma Perez (Tax Strategy & Benefits), Ian Hartley (Real Estate) and Louise Martin (Labour & Employment).