Logistics group expands with biggest acquisition so far in cross-Pennine deal
EFS Global, the Burnley-based logistics group, has made its biggest acquisition so far, adding a Yorkshire operation’s £30m turnover business to the mix.
The deal, for an undisclosed sum, includes YDL, Leeds Parcel Company and Pass the Parcel.
The group of companies service the pallet and parcel distribution sectors across five sites within North and West Yorkshire.
This acquisition adds a further three trading companies to the 23 purchases the group has made since 2015. This also takes the site tally up to 40 premises throughout England and Scotland.
As per the norm, EFS Global plans to implement a ‘business as usual’ approach with a strategy of building on what has already been achieved as well as learning from the newly acquired group’s senior management team, which has plenty to offer in experience and knowledge.
The day to day running of the companies will remain in the capable hands of the existing senior leadership teams with Jordan Kellett (Director of EFS Global) overseeing from a wider group perspective.
Jordan Kellett, who led the deal process, said: “We begin 2024 with the incredibly exciting acquisition of these well known and reputable companies.
“I am thrilled that we have managed to get our largest acquisition to date over the line, plugging some key areas of the country in North and West Yorkshire. We are not only acquiring well known and reputable companies, but an extremely experienced team of people that I am excited to work with on both their own companies and the wider group.”
Law firm Davis Blank Furniss acted for EFS Global. The corporate team was led by Sonio Singh, partner and head of the corporate department. He was supported by colleagues Lauren Sever, senior associate and Hannah Kay, trainee solicitor.
Sonio Singh said: “We were very pleased to once again advise the EFS Global team on its latest strategic acquisition. It is fantastic to see EFS continue to grow in what is a very competitive market and I am sure this deal will further augment their rapid reach across the UK.”
