FMH Group acquires freight carrier GKR Transport
FMH Group has announced its acquisition of freight carrier GKR Transport.
FMH Group adds GKR to its transportation and warehousing division, Logistics Holdings Australia, with the portfolio comprising Niche Logistics, BagTrans and efm Warehousing.
The Group’s other two divisions are fourth-party logistics (efm Logistics) and technology (FLIP).
FMH Group CEO, Simon Slagter, said the acquisition is aligned to the Group’s strategy of expanding reach and service offering.
“We are delighted to acquire GKR Transport. GKR Transport has a strong brand in the market and highly respected leadership and I’m very excited to be bringing them into the fold,” Slagter said.
“The acquisition will allow us to offer a superior transit service to customers across the FMH Group shipping freight from the eastern seaboard to Perth and/or return,” he said.
GKR Transport will retain its existing identity and will continue to operate self-sufficiently but aligned to the Group strategy. The acquisition is also beneficial for GKR Transport, whose founder, Kevin Small, started the business in 1985 and will continue with the company.
“I am proud to have been part of building up such a successful company,” said Kevin Small, Founder of GKR Transport.
“I owe my thanks and gratitude to fellow directors, David and Paul, and to our dedicated management and staff for making our success possible over the past 34 years. I am so pleased to see our company become part of a group like FMH Group, which has the technology and track-record to be able to take it to the next level,” Small said.
As FMH Group is a diversified logistics services organisation, all the companies within the Group are independent.
“Having a leading specialist provider in our Group gives us another bow to draw upon in customer solution design. Our 4PL, efm, remains 100% independent and will operate at an arms-length from GKR Transport. They will be subject to the same stringent screening process that efm undertakes for all its carriers,” Slagter said.
GKR Transport will be retaining its existing customer base and workforce, with the acquisition effective immediately.
Source: FMH Group