One of the North West's largest import/export and haulage groups has completed its second acquisition in Greater Manchester in as many months.
Burnley-based EFS Global has snapped up Atherton-based Austin Wilkinson, which provides haulage, freight forwarding and logistics services in the UK and across Europe, for an undisclosed sum.
EFS Global completed the acquisition of a counterpart headquartered at the World Freight Terminal in Manchester at the start of March.
It has also been revealed that EFS Global's turnover now stands at £67m, with gross profits of £12m and an EBITDA of £7m.
The figures come after documents filed with Companies House at the end of March showed that EFS Global's revenue was £37.8m in the 12 months to March 31, 2020, up from £26.3m.
EFS Global managing director Mark Jones said: "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."
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.
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."
