CFI advises Xwift in its buy-and-build strategy
Antwerp – CFI is pleased to announce it acted as the exclusive corporate finance advisor to Xwift, in the acquisition of Demolans, Customized Transport Solutions (‘CTS’), Flinstone and Dimatra, (the assets of) J&V Sneltransport, and Vadesco Logistics.
About Xwift
Xwift is a dynamic road transportation company specialised in express and dedicated delivery of goods of all sizes and weights throughout Europe, operating 24/7 all year round. In addition, the company’s services extend to providing storage solutions through its warehouse, alongside offering order picking and value-added logistics services such as packaging, repackaging, and labeling.
About the acquired companies
All companies operate within the road transportation sector, each with its unique expertise and (industry) focus, and are situated in Belgium. Demolans Logistics, located in Moeskroen, specialises in 24-hour express service for shipments ranging from 1 to 24 tons across Europe and serves various sectors including construction, automotive, and textiles. CTS is renowned for its transport management services in Waregem. Flinstone, specialised in traction and transportation of general goods, and Dimatra, primarily involved in container transport, both operate from the same location of 35.000 m² in Desteldonk. J&V Sneltransport is focusing on express and dedicated transport services for the medical equipment industry. Vadesco Logistics, situated in Lier, operates with the contract logistics business, offering distribution, warehousing and value-added services.
About the transactions
Xwift, until recently, was predominantly recognised as a provider of express and dedicated road transportation services, generating approximately 30 million euros of revenues. However, with the recent acquisitions completed and future ones in the pipeline, the company is set on bolstering this sector further, extending its reach across various regions, clientele, and industries, while also venturing into distribution activities. Embracing an ambitious buy-and-build strategy, Xwift aims to achieve exponential growth, targeting profitable revenues in excess of 100 million euros.
CFI’s role in the process
CFI was brought on board to oversee and orchestrate all transactions which were ongoing simultaneously. CFI conducted negotiations, crafted deal structures, coordinated due diligence, managed valuation and business planning, arranged financing, and executed the deals resulting in five successful transactions on various dates between October 2023 and January 2024.
Pieter Denys, CEO at Xwift: “Our recent acquisitions have marked a significant milestone for our organisation, and navigating through multiple transactions simultaneously was undoubtedly challenging. However, our collaboration with CFI has been nothing short of exceptional. They managed the process with remarkable pragmatism, efficiency, and a down-to-earth approach. Their expertise and dedication ensured that each deal was executed seamlessly, making this intensive period a rewarding experience for us.”
Related
This transaction was advised by:
Mario Van Gasse
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