EFS Global has completed the acquisition of a substantial group of companies including YDL, Leeds Parcel Company and Pass the Parcel, marking its largest deal to date.
The group of companies service the pallet and parcel distribution sectors across five sites within North and West Yorkshire in the UK.
The acquisition, which was completed by law firm Davis Blank Furniss, will add more than £30m (US$38 million) turnover to EFS Global and a further three trading companies to the 23 acquisitions the group has made since 2015.
Jordan Kellett, the EFS Global director who led the deal process, said, “We begin 2024 with the incredibly exciting acquisition of these well-known and reputable companies. I am thrilled that we have managed to get our largest acquisition to date over the line, plugging some key areas of the country in North and West Yorkshire. We are acquiring not only well-known and reputable companies but an extremely experienced team of people that I am excited to work with on both their own companies and the wider group.”
EFS Global plans to implement a ‘business as usual’ approach, with the day-to-day running of the companies remaining in the hands of the existing senior leadership teams.
The corporate team at Davis Blank Furniss advised EFS Global on all transactional matters. The team was led by Sonio Singh, partner and head of the corporate department. He said, “We were very pleased to once again advise the EFS Global team on its latest strategic acquisition. It is fantastic to see EFS continue to grow in what is a very competitive market and I am sure this deal will further augment their rapid reach across the UK.”