KBS Corporate has advised upon the successful acquisition of Euro SDB Limited to EFS Logistics Limited, otherwise known as EFS.Global.
Euro SDB is a logistics operation which transfers general and palletised freight across the UK on a daily basis. The business was established in 2007 by three industry professionals, having gained over 20 years of experience within the logistics industry.
The shareholders of Euro SDB decided to sell their shares in order pass the company into the hands of a new owner, and expressed a desire to sell to highly experienced trade buyer that could potentially incorporate Euro SDB into a wider group. Circa 10 parties expressed an interest in the opportunity, and after numerous discussions with other parties, a deal was eventually finalised with EFS Global.
Since 1996, EFS.Global has operated as a leading provider of freight and road haulage services. In recent years, EFS has engaged in a strategic acquisition programme, having previously acquired a number of other companies within the logistics sector including 747 Express Freight, Refrigerated Transport Services, Logictrans, Horizon Distribution, Euro Tran Despatch and one of KBS Corporate’s other clients, C.S. Brunt (Freight Services).
Mark Jones, managing director of EFS.Global, said: “This deal marks another exciting milestone in EFS.Global’s growth. Euro SDB is a much respected name in the marketplace and so is a perfect fit for our business. The acquisition will also enable us to expand our service offering even further.”
Matthew Sibley, Deal Executive at KBS Corporate, advised on the deal through to completion and commented, “The outcome of this deal benefitted both parties significantly; our clients at Euro SDB are able to exit the company with the reassurance that operations will continue as normal under the umbrella of a large group, and EFS is able to add another logistics business to its growing portfolio.
“EFS’s extensive experience of acquiring and building businesses within the logistics sector indicates that Euro SDB will be in safe hands. I wish our clients all the best in their future endeavours.”