EFS acquires Sussex-based freight firm

Rapidly-growing logistics firm EFS Global has completed its 23rd acquisition with the purchase of Essex-based ILS Holdings.

ILS Holdings is the parent company of subsidiaries Sussex Pallet Services and Independent Logistic Solutions, an East Sussex-based freight transport collection and delivery service firm that operates throughout Europe.

The company serves a broad range of sectors, and can handle full loads, part loads and single pallets. It also offers general haulage and storage services.

EFS Global has acquired the company's entire issued share capital, bringing on board a workforce of more than 40 people. It plans to implement a ‘business as usual’ approach with a strategy of building on what has already been achieved by ILS’ management team over the past few years.

The transaction further consolidates the group’s position in the South East region after it purchased sister companies Eminence Transport Ltd and Floryn Ltd last year which are located Kent.

EFS Global now has 35 depots and offices across England and Scotland.

Jordan Kellett, group strategy director at EFS Global, said: “We are thrilled to have ILS & Sussex Pallet Services join our ever-growing group – especially as they share our core value of always offering a high-quality service to customers. Their location will help to extend our Southern presence from Kent into East Sussex which will be a fantastic foundation for future planned growth.”

Law firm Davis Blank Furniss acted for EFS Global. The team was led by Sonio Singh - partner and head of corporate, advised on all elements of the deal including legal due diligence and transactional matters. It also included Lauren Sever, corporate and commercial senior associate, and Shiva Shadi, partner, who advised on employment matters.