North West haulage giant buys Scottish firm as rapid expansion continues
One of the North West’s largest distribution and haulage firms has acquired a Scottish business with depots in Perth, Glasgow and Edinburgh. EFS Global has bought Courier Connections for an undisclosed figure, with the Burnley-based firm having called the deal a “springboard for future growth” as it continues expanding across the UK. EFS now has 17 depots and offices across the country and operates its own UK and European road freight fleet, as well as a range of worldwide import and export services.
Law firm Davis Blank Furniss acted for Burnley-based EFS Global Ltd. 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.”
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By bringing together North West coverage with that from across Reach’s titles in England and Wales, BusinessLive will shine a spotlight on the entrepreneurs, the stars of the future and the small firms that are the backbone of our economy. Visit our email preference centre to sign up to all the latest news from BusinessLive. 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 long list of acquisitions made by EFS in recent years including Euro SDB, CS Brunt, Bradtrans International, Horizon Distribution and Euro-Tran Despatch.
Addleshaw Goddard advised the shareholders of Courier Connections (Scotland) Ltd on its disposal.
Corporate partner Murray 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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