Suffolk-based Galloway Travel Group has been bought by Eastern Transport Holdings (ETH), a new holding company directed by Bill Hiron, the managing director of Stephensons of Essex, and past president of the Confederation of Passenger Transport UK.
It is understood that the process of acquisition will be completed by 30 November, with managing director David Cattermole, commercial director John ‘Bernie’ Miles, and financial director Roger Stedman intending to retire from the business.
With immediate effect, Galloway’s directors are delegating day-to-day involvement in the business to their existing management team of Richard Smith, Dan Rogers and Charles Pratt.
Galloway will continue to trade as a stand-alone business, distinct from other operations of ETH, operating from its existing head office and operating base at Mendlesham in Suffolk.
