BDO has provided due diligence services to Xpediator plc on the acquisition of Anglia Forwarding Group Limited.
AFGL is a complementary acquisition that presents good cross-selling opportunities and operational synergies.
AFGL generated unaudited revenue of £13.5 million and normalised operating profit in excess of £400k for the year ended 31 July 2017.
The consideration will be funded from existing resources.
Based in the UK, AFGL operates domestically and internationally, with headquarters and warehousing in Rainham, Essex and branches in Birmingham, Felixstowe, and Heathrow airport.
“Freight management service provider Xpediator plc has acquired contract logistics and warehousing business Import Services Limited based at the Port of Southampton for a consideration of up to £12 million.
BDO provided transaction services for Xpediator plc.
BDO have supported us on a number of acquisitions since our flotation. They have been responsive to the timescales set and their experience has been demonstrated throughout. We would be delighted to work with them on future transactions.”
Richard Myson, Chief Financial Officer at Xpediator plc