KBS Corporate Advise on the Acquisition of Logictrans UK Limited
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KBS Corporate has helped to negotiate a deal for Logictrans UK Limited based in Leigh, Lancashire, which was sold to EFS Group based in Burnley, Lancashire on March 27th 2013 for an undisclosed sum.
Logictrans UK Limited is a freight forwarding company that specialises in customs clearing and was formed in 2004 as the UK office of a US based operation. At this time, there were three UK based directors, which further reduced to two in 2006, cutting all existing ties with the U.S. Since its inception, the business has traded well with strong sales and good profit margins, in spite of the prevailing economic climate.
The acquirer, EFS (Express Freight Solutions) Group based locally to Logictrans in Burnley, Lancashire, are an ambitious logistics company with an annual turnover in the region of £6m. After more than a decade of organic growth, the company has embarked on a strategic acquisition programme to rapidly expand its business including the acquisition of 747 Express Freight in 2010 and Refrigerated Transport Services in 2011. The recent acquisition of Logictrans UK will help to further develop their customer base and service proposition.
Tom Eatough, Deal Executive at KBS Corporate who advised on the sale comments “I am pleased that we managed to agree a deal which suited Neil & Jeanne whilst enabling EFS Group to expand their service offering. It was a pleasure working with Neil and I wish him and EFS the best of luck with their future endeavours.”