FMH Group has acquired freight management company, AFS Logistics.
AFS Logistics is a 4PL and 3PL provider based in Melbourne, Victoria, which delivers end-to-end supply chain solutions including warehousing, transport management, international freight forwarding and logistics consulting.
The acquisition brings AFS Logistics into a group of businesses including efm Logistics, CouriersPlease and Border Express which share a focus on operational excellence, customer centricity and technological innovation.
“AFS has built a highly capable team and has an impressive reputation for service and innovation,” said FMH Group Executive Chairman, Paul Little.
“Their expertise complements our existing portfolio and will create additional value for our customers.
“We are delighted to welcome AFS into the FMH Group.”
The AFS Logistics acquisition is an important step in FMH Group’s long-term growth strategy, focused on strategic acquisitions, technology investment and business development to deliver value and innovation to customers.
It marks the organisation’s first strategic acquisition since Pacific Equity Partners became its majority shareholder in March this year.
AFS Logistics founder, Tony Bates, said AFS Logistics will benefit from FMH Group’s investment and long-term growth platform.
“After three decades in business, joining FMH Group opens a new chapter for our team and our customers,” he said.
“We share strong alignment in values, service quality and long-term ambition and we look forward to working together to build on what we have achieved to date.”
Bates and AFS Logistics Executive Director and Board Member, Paul Hopgood, will remain involved with the business through advisory roles and equity investment, providing continuity and signalling confidence in the strategic direction.
AFS Logistics CEO, Sam Eid, will continue in his role by reporting to FMH Group Acting CEO, Chris Livitsanis.
In other news, Asian Bulk Logistics has acquired leading container solutions provider, SCF Containers.
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