Export-Import Services Acquired by BBL Groupe
Logisyn is proud to announce our role as strategic sell-side advisor to Export-Import Services in their acquisition by BBL Groupe. Based in New Jersey, Export-Import Services has been offering top-notch customs brokerage, freight forwarding, duty drawback, warehousing & distribution, domestic trucking, and consolidation services to its clients since 1938. Through our commitment to staying active and involved across the logistics industry, Logisyn was introduced to Export-Import Services via our long-term relationship with the team at New York / New Jersey Foreign Freight Forwarders and Broker’s Association (NYNJFFF&BA).
“The task of finding a buyer for my 86-year-old family business appeared overwhelming until Mikael Olesen and his team appeared on the scene. They quickly understood my goal to preserve what we had built over all these decades, plus find a company with similar values. The sale to BBL Groupe/Share Logistics provided a turnkey CHB operation and experienced staff while further enhancing EIS’s ability to offer full logistic services to both our clients and Share Logistics client base. Without the expertise, guidance, and professionalism of Mikael, Matt, and Kevin - none of this would have happened." - Pat Farrell, CEO of Export-Import Services
After connecting with BBL Groupe last year at Transport Logistics in Germany, they became an active buyer in our market mapping process. Looking to expand a previous New Jersey-based acquisition with a particular interest in CHB services, BBL was identified as an ideal partner for Export-Import Services. Not only was the geographic location a synergistic fit, but service offerings, reputation, and overall company cultures aligned perfectly.
“We were honored to represent Export-Import Services, a multi-generational Customs Broker that started its journey in the World Trade Center more than 50 years ago. Working with Pat Farrell, a true industry and business professional, in finding the best possible buyer to continue the values of the company while ensuring an ideal new home for her employees and clients was a pleasure. As in most acquisitions, the cultural fit was as important as the strategic fit, and it became clear early in the process that BBL Groupe carried the same values and professionalism. We are very happy with the outcome.” - Mikael Olesen, Managing Director of Logisyn Advisors
As with every transaction, Logisyn’s goal is to deliver an optimal solution for our clients. We believe that this new partnership between Export-Import Services and BBL Groupe is no exception to this. Our team’s extensive expertise across both M&A and the logistics industry allows us to leverage a vast global network and gives us a unique insight into the market to produce a successful deal.