Expolanka Holdings PLC, through its wholly owned subsidiary EFL Global LLC (EFL USA), a leading global supply chain and logistics solutions company, acquired 100% equity interest in Trans American Customhouse Brokers LLC and its related companies for a purchase consideration of USD 42.5 million on a cash free, debt free basis.
“The acquisition will enable EFL Global to strengthen our brokerage operations, enhance service capabilities to our customers and further consolidate our position in our key North America market,” says Hanif Yusoof, Director, Group CEO Expolanka Holdings PLC.
Established in 1984, Trans American Customhouse Brokers, Inc. has evolved into an industry innovator in Customs and global trade. Over the last 40 years, it has empowered clients with real, customized, and competitive Customs services, global logistics, and technology solutions.
By acquiring Trans American Customhouse Brokers, Inc., EFL Global will now offer a powerful suite of products and services to customers looking for Customs Brokerage and trade solutions.