JST Ports & Logistics Group Expands with RFS Works Acquisition
Deal News | Jan 07, 2025 | B Daily
JST Ports & Logistics Group has expanded its operations with the acquisition of RFS Works, enhancing its standing as a major independent UK ports and rail logistics specialist. The deal is expected to facilitate a shift towards net-zero emissions, leveraging the combined expertise of more than 200 staff and generating revenues exceeding 40 million GBP. JST Services, the Ayr-based division, specializes in bulk and general cargo across various sectors, while RFS focuses on construction materials, earthworks, and heavy equipment. The acquisition sees Newcastle's RG Corporate Finance providing counsel, alongside legal advice from Gateley, with Azets handling financial due diligence. RFS, part of Aggregate Industries through a joint venture with GRS Roadstone, received legal assistance from Addleshaw Goddard.
Sectors
- Logistics and Transportation
- Construction
Geography
- United Kingdom – Both JST Ports & Logistics Group and RFS Works are based in the UK, making this acquisition relevant to the country's transport and logistics sector.
Industry
- Logistics and Transportation – The acquisition involves JST Ports & Logistics Group, a firm operating in logistics and port handling, emphasizing their expanded capabilities in transportation and cargo handling.
- Construction – RFS Works, known for construction material handling services, integrates with JST, highlighting the relevance of the construction industry in this transaction.
Financials
- 40 million – Combined revenues of the new entity formed by JST Ports & Logistics Group and RFS Works.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| JST Ports & Logistics Group | Buyer | Company | A port handling and distribution firm focused on expanding its logistics and transportation services. |
| RFS Works | Target | Company | A company specializing in construction material handling, earthworks, and heavy mobile equipment support. |
| RG Corporate Finance | Corporate Finance Advisor | Company | Provided corporate finance advisory services to JST Ports & Logistics Group for the acquisition deal. |
| Gateley | Legal Advisor | Company | Offered legal advice to JST Ports & Logistics Group for the acquisition process. |
| Azets | Financial Due Diligence | Company | Conducted financial due diligence for JST Ports & Logistics Group in the acquisition of RFS Works. |
| Addleshaw Goddard | Legal Advisor for Seller | Company | Provided legal advice to Aggregate Industries UK and GRS Roadstone on the sale of RFS Works. |
| Aggregate Industries UK | Selling Company | Company | Part of the joint venture that owned RFS Works, involved in construction and building materials. |
| GRS Roadstone | Joint Venture Partner | Company | Partnered with Aggregate Industries UK in the joint venture that managed RFS Works. |