HWL Ebsworth has advised the Luff family on a contract to sell Border Express to FMH Group (majority owned by Singapore Post) for a maximum price of $210 million. The transaction is subject to the satisfaction of certain conditions, including FIRB approval.
Border Express has been an enduring icon of Albury for more than 40 years, launched in 1981 by Max Luff, and growing into a leading family-owned, national business with a presence across every state and territory in Australia. Border Express offers comprehensive freight connectivity, warehouses and regional centres, providing end-to-end interstate logistics services. With a network of 16 facilities, a fleet of over 700 vehicles, and a dedicated team of 1,300 employees, Border Express has established itself as a reliable partner to over 3,000 clients from across multiple industries, including large retail and consumer brands.
The HWL Ebsworth team was led by Brendan Earle (Partner), assisted by Daryl Lim (Special Counsel), Connie Lambropoulos (Senior Associate), Mitchell Gutteridge (Solicitor) and Yi Tung (Solicitor). Chris Egan (Partner) and Renée Karakinos (Senior Associate) advised on employment and industrial relations, and Ari Schachna (Partner) provided tax advice.
Brendan Earle said:
“Starting in Albury, and adjusting their strategy over time, the Luff family has built the 6th largest express pallet and parcel distribution operator in Australia over 40 years. It has been a privilege to act for the family on such an important milestone in their business and personal affairs. Working closely with Tom Vukovic, Executive Chair, Mark Luff and the group’s other advisers Pitcher Partners and Findex, we are delighted to have achieved this outcome.”
If the conditions of the sale are met and the agreement is finalised, Border Express will join transportation companies, BagTrans, GKR Transport, Niche Logistics, Formby Logistics and Spectrum Transport (QLD) Pty Ltd under the FMH Group.
FMH Group has divisions across fourth-part logistics (4PL) and warehousing, transportation, and technology. Its vision is to create a new logistics ecosystem, where people and physical assets are connected through a ubiquitous technology platform.
The two companies will work through the conditions of the sale and purchase agreement, with an estimated completion date of 30th November 2023.
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