Freight services and road haulage provider snaps up two firms
A Burnley-based provider of freight services and road haulage has acquired two haulage firms, supporting growth to a projected annual turnover of GBP100m. The deals follow a number of other acquisitions made by EFS Global Ltd in recent years and further expands its reach across the UK. Law firm Davis Blank Furniss has acted for EFS on the transactions.
EFS has acquried the entire issued share capitals of Gees Haulage Ltd which is located in Wakefield, and Gateshead-based Tyneside Express Transport. Both provide a comprehensive range of haulage, distribution and warehousing services. The acquisition team at EFS was led by Jordan Kellett.
As a result of the acquisitions, 235 vehicles - including trailers - and 115,000 sq ft of warehousing space have been added to the company's portfolio. The values of the transactions have not been disclosed. The corporate team at Davis Blank Furniss, which was led by Sonio Singh, advised EFS 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. 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."
Sonio Singh added: "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." Nadeem Hussain from Pierce Accountants provided tax advice to EFS Global.
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.