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Thursday, July 25, 2024

Davis Blank Furniss acts for EFS on Courier Connections (Scotland) Ltd acquisition

Law firm Davis Blank Furniss has acted for Burnley-based EFS Global Ltd on the acquisition of Courier Connections (Scotland) Ltd. The business, which provides distribution and haulage logistics services, has depots in Perth, Glasgow and Edinburgh. The value of this latest deal has not been disclosed.

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, whilst also being able to facilitate a vast range of Worldwide Import & Export services (including Customs Clearances). This deal is another significant step in showcasing EFS’ ongoing growth 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.

Mark Jones – MD of EFS Global – commented: “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.”

Sonio 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.”

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, Caistor Distribution, AFI UK Ltd and Austin Wilkinson & Sons Ltd.

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.

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.”

Robert Stewart of Generis Corporate Finance who advised the shareholders added: “With more than 20 years of experience in the haulage industry, Courier Connections has built a trusted reputation across the sector and will help accelerate EFS Global’s presence north of the border and beyond. We were delighted to work with Addleshaw Goddard on another successful transaction together and wish EFS and Courier Connections all the best for the next phase of growth.”

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