The company has acquired Gees Haulage in Wakefield, and Tyneside Express Transport, located in Gateshead. Both companies offer haulage, distribution and warehousing services, and a result of the two deals, EFS has added to 235 vehicles (including trailers) to its fleet, and also acquired 115,000 sq ft of warehousing space. This supplements the 20 depots and offices EFS has in the UK across the country.
The actual value of the deals has not been made public, though EFS said that the acquisitions mean the company is now estimated to have an annual turnover of of £100m.
Commenting on the acquisitions, Mark Jones, managing director of EFS Global, said:
“2021 saw substantial growth for EFS and we are delighted to start 2022 by announcing these new deals. They both mark significant steps in our ongoing growth strategy and will enhance our ability to service our clients around the country.”
Sonio Singh, Partner at Davis Blank Furniss, who facilitated the acquisitions, added:
“Gees Haulage and Tyneside Express are fantastic additions to EFS Global, in terms of both size and strategic fit. It was a pleasure to work on these transactions and I’m sure they will add value and reach to the firm’s fast growing operations.”
The two acquisitions at the start of the year follow numerous others made by EFS Global in 2021. Thomas Harwood & Son, Courier Connections, Austin Wilkinson group and AFI UK Limited were all acquired by the company last year.
Photo: Philafrenzy, CC BY-SA 4.0, via Wikimedia Commons
