The deal brings together two privately-owned family businesses creating a combined fleet of more than 2,100 vehicles and 3,500 trailers.
Together with Jack Richards & Son, the Turners Group will provide an extensive haulage offering of curtain-side trailers, temperature-controlled units, tankers, containers and warehousing operating across 38 sites in the UK.
Turners Group now employs more than 4,000 people.
Lisa Richards, director at Jack Richards & Son, said: “We are delighted to announce that we have joined forces with Turners.
“It’s a natural fit; two East Anglian-based haulage businesses with a similar heritage, which share the same core values.
“Both companies have built a reputation for reliability and exemplary customer service. This partnership will secure our future as a leading road transport business in the UK.”
Paul Day, MD at the Turners Group, said: “I am absolutely delighted that Jack Richards & Son has joined the Turners family.
“We share the same vision for growth, innovation and world class customer service. By adding a curtain-side fleet to our offering, we now have a very comprehensive package to offer customers,” he said.
Day added: “Jack Richards represents a new venture for the Turners Group as it enters the general haulage sector.
“It is probably the most competitive sector within the transport industry and it was vitally important we found a quality business to enter this market.
“It’s rare to find such an opportunity to buy an efficient, well-managed company.
“Jack Richards has exceptional people and loyalty from its staff and customers. Turners will do everything it can to retain these strengths and provide support to help the company build further growth to continue its successful history.”
Turners Group said the acquisition would give it a projected annual turnover of £475m in 2019. The group was listed at number 18 with a turnover of £390m in last year’s Motor Transport Top 100.