EFS turnover to hit £100m with latest acquisitions
Burnley-based EFS Global is predicted to reach £100m turnover following two more acquisitions in its ongoing expansion plans.
The deals saw the logistics firm acquire the entire issued share capitals of Gees Haulage Ltd of Wakefield and Tyneside Express Transport of Gateshead. Both provide a comprehensive range of haulage, distribution and warehousing services.
The acquisitions include 235 vehicles including trailers and 115,000 sq ft of warehousing space.
Mark Jones, managing director of EFS Global, said: "2021 saw substantial growth for EFS and we are delighted to start 2022 by announcing these new deals. They both mark significant steps in our ongoing growth strategy and will enhance our ability to service our clients around the country."
The corporate team at Davis Blank Furniss, which was led by Sonio Singh, advised EFS Global on all elements of the transactions including legal due diligence and transactional matters. The team also included Lauren Sever, corporate/ commercial solicitor; Shiva Shadi – partner - who advised on employment matters; and Rhiannon Turner who worked on the property aspects. Nadeem Hussain from Pierce Accountants provided tax advice to EFS Global.
Sonio Singh said: “Gees Haulage and Tyneside Express are fantastic additions to EFS Global, in terms of both size and strategic fit. It was a pleasure to work on these transactions and I’m sure they will add value and reach to the firm’s fast growing operations.”
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 Ltd, Austin Wilkinson & Sons Ltd, Courier Connections (Scotland) Ltd and Thomas Harwood & Son.
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