Davis Blank Furniss has acted for Burnley-based EFS Global Ltd on its acquisition of Atherton-based Austin Wilkinson for an undisclosed sum. Austin Wilkinson provides haulage, freight forwarding and logistics services – both in the UK and across Europe.
EFS Global is one of the North West’s largest freight forwarding and haulage groups. It now has 13 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 and export services (including customs clearances). This deal is another significant step in showcasing EFS’ ongoing growth strategy across the UK.
In line with their growth strategy EFS Global now has a turnover of £67m with a £12m gross profit and £7m EBITDA.
The corporate team at Davis Blank Furniss advised EFS Global on all aspects of the transaction including legal due diligence and transactional matters. The team was led by Sonio Singh (partner and head of the corporate department), with support from Lauren Sever, Shiva Shadi (employment partner) and Jennifer Smith (property partner).
Paul Raftery and Barry Riley of Weightmans advised the sellers of Austin Wilkinson. Ben Barlow of Cowgills in Bolton and Manchester provided corporate finance support and advice.
Mark Jones – MD of EFS Global – commented: “Austin Wilkinson is a much respected name so we are pleased to welcome them to the EFS group of companies. I’m sure it will be a positive acquisition as we continue to grow.”
Sonio Singh added: “Once again we were delighted to advise and assist the EFS Global team secure a major acquisition, as they continue to increase their sector reach across the North West and beyond.”
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 and AFI UK Ltd.