English haulage group acquires Scottish rival
Burnley-based haulage group EFS Global has acquired Scottish rival Courier Connections for an undisclosed sum. The move comes in quick succession to a deal, in April, for Atherton-based Austin Wilkinson, again for an undisclosed sum. EFS Global is one of the North West’s largest freight forwarding and haulage groups.
It now has 17 depots and offices across the country and operates its own UK and European road freight fleet. Courier Connections operates three Scottish depots, in Glasgow, Perth and Broxburn. Mark Jones, managing director at 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 company has grown by acquisition over the last few years, buying up Euro SDB, CS Brunt, Bradtrans International, Horizon Distribution, Euro-Tran Despatch, JRS Traction, PDQ Specialist Courier Services, FWD Freight Services, Caistor Distribution and AFI UK.
Addleshaw Goddard advised the shareholders of Courier Connections 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.”
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