MHA Moore and Smalley advises on buyout at LTS Global Solutions
MHA Moore and Smalley’s corporate finance team has advised on the management buyout of a major logistics, transport, and shipping business.
The MBO at Birmingham-based LTS Global Solutions will support the business’ plans to grow by more than 40% in the next five years.
Established in 1999 as a transport operator, the company has grown to become a total service provider for global supply chain solutions – specifically in ocean, air and rail services, third party logistics (3PL) and fulfilment solutions.
The company employs 60 people at its Midlands hub and plans to create at least six new jobs next year, when it hopes to take on additional premises to service new contracts. By 2022 the business hopes to have found larger, state-of-the-art premises to cope with anticipated demand.
The MBO will enable LTS Global Solutions to focus on areas of growth such as import/export and e-fulfilment, which is becoming even more important because of the current Covid-19 outbreak.
The MBO team has been led by current managing director Dave Hands and Mirza Baig, director of international services. Dave Hands said: “Our business has always been known for its impeccable customer service, reliability and knowledge of global logistics. This deal will enable us to bring in new thinking and further investment to realise our ambitious growth plans.
“Our key markets are construction, retail and manufacturing, where we provide a wide range of added-value logistics services. This is where we differentiate ourselves from our competitors – providing customers with more than just transport services, rather complete, business critical logistics solutions.”
MHA Moore and Smalley’s tax team, led by tax director Victoria Dadswell, advised the MBO team on due diligence and tax issues. National law firm Backhouse Jones advised on legal matters.
Victoria Dadswell, tax director at MHA Moore and Smalley, said: “LTS Global Solutions is a business with a strong management team and a clear and credible plan for growth. That’s why it’s well placed to continue growing and providing a first-rate service to its customers at a time when global supply chain security has become even more critical. We’re thrilled to have advised the management team on acquiring the business and look forward to seeing them realise their growth aspirations.”
LTS sees significant growth in global logistics over the next few years. The company already operates a seamless worldwide 3PL operation for customers through its well-established network of trusted international partners. In the UK, LTS is a member of The Pallet Network, a partnership that guarantees cost-efficient nationwide distribution coverage and the ability to provide a total logistics service for businesses using e-commerce.