C.S. Brunt (Freight Services) Limited acquired by EFS Group
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Manchester based Freight Forwarder C.S Brunt (Freight Services) Limited has been acquired by EFS Group for an undisclosed sum.
C.S. Brunt has been importing and exporting goods all over the world for over 40 years. The company’s services also include warehousing and tracking of goods.
In 2009 the company received AEO (Authorised Economic Operator) status by HMRC, which indicates that C.S. Brunt’s role in the international supply chain is secure, and their customs controls and procedures are efficient and compliant.
More than 15 parties expressed their interest in acquiring C.S. Brunt after the shareholder’s expressed their desire to sell the business, resulting in 5 buyer meetings and 3 offers received. The final deal value represented a 56% increase on the first offer received for the company.
EFS are a Burnley based logistics provider who are looking to expand their current group of companies through a strategic acquisition programme which has already seen them complete the acquisitions of 747 Express Freight, Refrigerated Transport Services and Logictrans UK.
C.S. Brunt’s existing staff will all be retained, whilst the outgoing directors will provide a 12 month handover period.
Tom Eatough, Deal Executive at KBS Corporate who advised on the sale of the company commented, “It was a pleasure to work with our client Geoff and I am glad that we managed to bring the transaction to a successful conclusion.”
Before adding, “I think this will prove to be a great acquisition for EFS group who seem to be successfully executing their growth strategy. I would like to wish all parties the best of luck for the future.”