After its recent developments in the Middle East, the United States and the United Kingdom, LV Overseas continues to consolidate its geographical presence and develop its range of services.
The combination of Active Freight with MHT offers many synergies, ensuring customers enjoy a high quality of service and responsiveness, both to and from the UK. The Group’s existing UK subsidiaries will benefit from Active Freight’s General Cargo and Air Transport expertise. In addition, these acquisitions will strengthen the Group’s position in the UK freight forwarding market, which has been very active since Brexit.
Philippe Massot, CEO of LV Overseas Group, explains:
« This acquisition is the first of the new LBO created in partnership with MML earlier last year, and there are many more projects to come. The Group continues to develop its global geographic network, consolidating flows in order to meet the transport needs of our customers, regardless of the location or type of product. We have exceeded the €600 million turnover mark with 750 employees in 2022. With the support of our partners MML, Bpifrance, Trail and BNP Développement, we are continuing to study other acquisition opportunities, several of which are in the exclusivity phase.”
Henry-Louis Mérieux, Managing Partner at MML, comments:
“We have thoroughly enjoyed partnering with LV Overseas over the last year, helping to support their organic and acquisitive growth programmes. We continue to see very strong growth opportunities from adding new businesses to our international partnership and development journeys.”
LV Overseas provides logistic services to a wide range of c.7,000 clients. The business is positioned as a unique consolidation platform with a successful M&A track record and a very resilient organic growth profile.
LV Overseas was advised by Consultenz (M&A), CP&A (Finance), D’Ornano + Co (Tax, Social, Legal) and Hogan Lovells (Corporate).