Tue, 13 Aug 2024 | BUSINESS SALE
A specialist transport and logistics operator based in Peterlee has been acquired by French group Groupe DESLOG. NFS360 is a provider of value-add logistics and warehousing services that has been operating for more than 45 years.
The company operates from four strategically-located sites and employs more than 90 staff. The deal makes the company the first UK business to be acquired by Groupe DESLOG.
NFS360 Director and exiting shareholder Ian Lawson said: "The sale of NFS360 to Groupe DESLOG represents an exciting new chapter in the development of the business. It will help to accelerate its growth, develop the service offering, and support the team in delivering exceptional customer service."
Groupe DESLOG Managing Director Patrick Guermeur added: "NFS360 has built an outstanding reputation as a specialist transport and logistics operator across the UK, and we are excited that they are now part of Groupe DESLOG and the growth opportunities this will bring.”
"The firm's culture, approach to customer service, and offering align perfectly with Groupe DESLOG’s growth strategy and we look forward to working with the management team."
Strategic advice was provided to NFS360’s shareholders by an advisory team from Evolve Corporate Finance, led by partner and co-founder Justin Sparks. The team helped the shareholders to identify and engage with UK and international strategic partners and negotiated the terms of the deal.
Justin Sparks commented: "It was a pleasure to support and advise the Lawson family with the successful exit of their long-established and successful business to a strategic trade buyer who is looking to continue to invest in the business and the UK logistics market.
"The logistics market has experienced significant change in recent years, with macroeconomic factors, such as Brexit, presenting market opportunities. Our sector expertise enabled us to identify Groupe DESLOG as an excellent partner for NFS360 and it will enable the enlarged group to capitalise on future market opportunities."
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