LTS Global Solutions has completed a management buy-out (MBO) which will reportedly see the business grow by more than 40% in the next five years
The Birmingham-headquartered provider of logistics was founded 1999 as a transport operator and has since grown to become a “total service provider” for ocean, air, rail services, third party logistics and fulfilment solutions.
The company currently employs 60 people at its Midlands hub with plans to create at least six new jobs next year to handle incoming contracts.
The MBO, which was completed in mid-November 2020, will reportedly enable LTS to “focus on areas of growth” such as import/export and e-fulfillment, which has become more important amid the Covid-19 pandemic.
With Brexit nearing, LTS said it sees significant growth in the area of global logistics over the next few years.
Dave Hands, managing director for LTS, 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.”
The MBO team was advised by national law firm Backhouse Jones with due diligence being undertaken by accountants Moore and Smalley.