Estes Forwarding Worldwide (EFW) said Monday it had performed the acquisition of Superior Brokerage Services and products (SBS). The transaction modified into announced in September.
Monetary terms were no longer supplied nonetheless the deal doubles EFW’s annual earnings and its existing warehouse footprint.
Minneapolis-essentially essentially based SBS is a single-sourced provide chain companies and products company focusing on home and international transportation, customs brokerage and warehousing.
The deal presents EFW with incremental capacity and keep an eye on of the shipping direction of from Asian features of initiating keep. SBS’ Asian operations are essentially essentially based in Taiwan.
“Working collectively to mix forces has been seamless and the cultural match between our corporations is evident,” said EFW CEO Scott Fisher. “Together, we’re poised to offer even more agile companies and products to our potentialities globally.”
The deal grows EFW’s head depend by 350 to greater than 1,100.
Paul Goff, the founder and president of SBS, is now serving as govt vice president at EFW.
“Joining the EFW household has been a indispensable milestone for us. Our blended strengths role us to support our world potentialities even more successfully,” Goff said.
Richmond, Virginia-essentially essentially based EFW is a subsidiary of Estes, one of the indispensable glorious less-than-truckload carriers and the glorious private provider in North The US. EFW specializes in a full suite of logistics and freight forwarding companies and products.
“As we reflect on our 20-yr lag, nearing the $1 billion impress is a testomony to our workforce’s dedication,” Fisher said. “Our collaboration with SBS is a indispensable milestone in our world growth.”
In March, EFW received alternate heed logistics provider Legacy Logistics.
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