Strategic purchase comes with huge footprint and HPV fleet
ACFS Port Logistics consolidates its Port of Brisbane position by acquiring IPS Logistics Group’s adjoining operation.
The addition, for an undisclosed sum, gives ACFS 54,000 square metres of warehousing, 16,000 sq m of container storage, and a transport fleet primarily consisting of higher productivity vehicles (HPVs).
IPS has been a strategic operator within the port precinct providing logistical services to a host of national and state based importers and exporters.
“There has been a long-standing relationship between both organisations, resulting in the progression of a binding transaction,” ACFS notes.
The respective parties expect to complete the transition, subject to regulatory processes and approvals, by mid-July.
The acquisition further cements the ACFS service offering within the Port of Brisbane and to the broader import and export market in Queensland.
“Demand within warehousing is outgrowing supply in the market, and hence securing long term assets in high volume import and export hubs is imperative to enable ACFS’s continued growth ACFS CEO and MD Arthur Tzaneros says.
“We will continue to expand our capability in all facets of the containerised logistics supply chain by creating scale and efficiency supported by strong technology and blue chip infrastructure assets, to achieve best in class supply chain models.
“We look forward to on-boarding and building long term relationships with IPS’ current customers and staff, and commit to providing a reliable solution that has constantly enabled us to differentiate ourselves in the market.”
The company underlines that the transaction compliments the growing ACFS national footprint of strategically located facilities nationally, that will be further enhanced with the opening of the 44ha St Mary’s Intermodal hub.
Read about turning of the first sod at St Marys hub here
The hub’s first 10ha there will be complete and ready for operations in August.
It is expected more than 110,000 TEU in its first year via rail in conjunction with Pacific National.
“I can comfortably say that our focus on growth, being organic and or via M&A has continued through the pandemic and we are aggressively investing to ensure we are ahead of the market, with the provision of solutions and services,” ACFS chairman Terry Tzaneros says.
“Securing the IPS business and property footprint on the port is core to ACFS’ growth strategy, and we will continue to target additional strategic assets to our business portfolio.”