McInnes Wilson Lawyers have advised Murrays Coaches on the purchase of Queensland passenger transport business, Palmer's Coaches.
Palmer's Coaches, based at Miles in the western downs of Queensland, was started by Rick and Kim Palmer in 2012. The Palmer's built an impressive operation predominately servicing key clients in the mining sector.
For more than 30 years Murrays has been operating in Southern Queensland and now, with the acquisition of Palmer's Coaches on 31 August 2023, extends it services further into Miles and its surrounds.
The McInnes Wilson team comprised of Anthea Faherty (Principal) and Nick Wilson (Associate) advised the Murrays team on all aspects of the transaction including: due diligence, negotiating and drafting the transaction documents, facilitating the transfer of key contracts, advising on tax and duty implications, and attending to successful completion of the purchase.
Damian Lee, Chief Executive Officer of Murrays Coaches, said:
"When the opportunity to purchase this business came our way, we chose to use the McInnes Wilson team because of their expertise in the bus industry.
Anthea and Nick made the process a lot easier for Murrays and we appreciated their professionalism and expertise throughout the transaction."
Commenting on the transaction, Nick Wilson, Associate at McInnes Wilson Lawyers stated:
"It was a privilege and a pleasure to act for Murrays on this transaction and I thank them for choosing McInnes Wilson Lawyers.
I congratulate Rick and Kim Palmer on their success in the bus industry and wish them all the best in their next endeavours."
Nick is a Corporate Lawyer with a speciality knowledge of the passenger transport sector.
He has been involved in Queensland's bus industry for over a decade and has applied his comprehensive understanding of this sector for clients in a professional law firm environment since 2018.
Nick advises bus operators, industry associations, and associated suppliers, on a range of matters including passenger transport service contracts with government, formulating government tender responses, facilitating the sale and purchase of transport businesses, and commercial property transactions.