Davis Blank Furniss acts in acquisition of JRS Traction
Manchester law firm Davis Blank Furniss has acted for Burnley-based Jones Metcalf, part of EFS Global, on its acquisition of the entire issued share capital of North Lincolnshire-based JRS Traction.
JRS Traction provides high level haulage and logistics services. The value of the deal has not been disclosed.
EFS Global is one of the North West’s largest freight and haulage groups.
It currently has eight depots and offices across the country and operates its own UK and European road freight fleet.
It also works with selected partners around the world.
This deal is part of EFS’ ongoing growth and acquisition strategy across the UK.
The team at Davis Blank Furniss advised Jones Metcalf on all aspects of the deal, including legal due diligence and transactional matters.
The team was led by Sonio Singh, partner in the corporate department, with assistance from colleagues Charlotte Tyrer (corporate) and Jenny Smith who works in the firm’s property team.
Mark Jones, managing director of EFS Global, said: “The acquisition of JRS Traction is great news for the business as it will help us to expand our geographical reach and grow our service offering.”
Sonio Singh added: “This is yet another milestone in our client’s ongoing expansion strategy, so we were delighted to help make the deal happen.”
The deal follows a number of other acquisitions made by EFS in recent years, including Euro SDB, 747 Express Freight, Logictrans UK Limited, RTS Refrigeration, CS Brunt, Horizon Distribution and Euro-Tran Despatch.
Other advisors involved in the transaction were RBSIF who part-funded the acquisition; KM Accountants who acted for Jones Metcalf on the tax aspects of the deal; and John Barkers Solicitors who acted for the shareholders of JRS Traction Limited.
