EFS Global acquires two more hauliers to take turnover to £165m

EFS Global has finished 2022 the way it started the year and bought another two haulage companies: sister firms Eminence Transport and Floryn.

Both are based in Maidstone, Kent and provide pallet network, general haulage, warehousing and fulfilment services.

The value of the deal was not disclosed but EFS said the fulfilment service was a key addition and something it hoped to build on in the future.

The purchase of the two hauliers follows several other acquisitions made by EFS this year, including Tom Moorhouse & Son, Andante Freight and Pegasus Express.

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At the beginning of the year the group announced it had acquired Wakefield-based Gees Haulage and Tyneside Express Transport in Gateshead.

EFS said the spending spree took the group to a £165m turnover and a 26% increase in net profitability.

Mark Jones, EFS Global MD, said: “We are delighted to welcome Eminence Transport and Floryn into the EFS Group and this deal is another step in our ongoing and ambitious growth strategy.”

Law firm Davis Blank Furniss acted for the group.