Burnley haulage giant expands with Scotland buy
A Burnley-headquartered freight forwarding and haulage group has expanded its footprint with the acquisition of a Scottish counterpart. A North West law firm advised on the deal. EFS Global has snapped up Courier Connections (Scotland), which provides distribution and haulage logistics services and has depots in Perth, Glasgow and Edinburgh.
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 and Caistor Distribution. It now has 17 depots and offices across the country and operates its own UK and European road freight fleet. Mark Jones, managing director 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.”
The corporate team at Davis Blank Furniss, which was led by Sonio Singh, advised EFS Global on all aspects of the transaction including legal due diligence and transactional matters. The team also included Lauren Sever, corporate, commercial and employment solicitor; and Andy McNish who is a corporate and commercial partner. Singh added: “Once again we were pleased to advise the EFS Global team secure a major strategic acquisition as it continues to bolster its reach.”
Addleshaw Goddard advised the shareholders of Courier Connections (Scotland) Ltd on its disposal, with corporate partner Murray Jack and corporate finance associate Gavin Smith leading the sell-side legal advisory team. Jack said: “Since the start of the year, Addleshaw Goddard’s corporate team has completed a number of M&A deals across the transport 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 advised the shareholders.
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