EFS Global is pleased to announce the acquisition of Courier Connections for an undisclosed figure, the deal which is a springboard for the future growth of EFS Global and is our first acquisition in Scotland.
EFS Global is one of the North West’s largest freight forwarding and haulage groups. The latest deal means EFS Global now now have 17 depots and offices across the country and operates our own UK and European road freight fleet, while also being able to facilitate a vast range of worldwide import and export services, including Customs Clearances.
Law firm Davis Blank Furniss acted for Burnley-based EF Global
Mark Jones, MD of EFS Global, said: “The acquisition of a Scotland-based entity is an exciting development for the business and will, I’m sure, be a springboard for future growth as we continue our expansion strategy across the UK.”
Sonio Singh of Davis Blank Furniss added: “Once again we were pleased to advise the EFS Global team secure a major strategic acquisition as it continues to bolster its reach.”
The deal follows a number of other acquisitions made by EFS in recent years including Euro SDB, CS Brunt, Bradtrans International, Horizon Distribution, Euro-Tran Despatch, JRS Traction, PDQ Specialist Courier Services, FWD Freight Services, Caistor Distribution, AFI UK, and Austin Wilkinson & Sons.
Addleshaw Goddard advised the shareholders of Courier Connections (Scotland) on its disposal, with corporate partner, Murray Jack, and corporate finance associate, Gavin Smith, leading the sell-side legal advisory team.
Murray Jack said: “Since the start of the year, Addleshaw Goddard’s corporate team has completed a number of M&A deals across the transp
ort sector which continues to be a developing area. We expect the transport and logistics sector to continue to be an active source of M&A seals with activity in the sector driven, in part, by changes in consumer behaviour following the pandemic.”
Robert Stewart, of Generis Corporate Finance, who advised the shareholders, said: “With more than 20 years of experience in the haulage industry, Courier Connections has built a trusted reputation across the sector and will help accelerate EFS Global’s presence north of the border and beyond.
“We were delighted to work with Addleshaw Goddard on another successful transaction together and wish EFS and Courier Connections all the best for the next phase of growth.”