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BBL acquires Share Logistics Group

On Friday, November 25, 2022, Groupe BBL completed a new major international transaction with the acquisition of Share Logistics Group. Led by Jan Crezee and a team of highly experienced managers since its Management Buy Out in 2008, Share Logistics has demonstrated both solid and resilient growth all along its history. The pro forma data of the Share Logistics group based on the estimated results for the year 2022 show:

A combined revenue for the Share Logistics group subsidiaries close to €230 million.

About 210 professionals are employed in 16 offices, mostly in Europe (Netherlands, Spain, Germany, and France), and nearly 40 professionals in 6 offices located in North and Latin America (USA, Brazil)

Around 50.000 overseas transport files on a full-year basis representing more than 75.000 TEUS of sea freight and
nearly 30.000 Tons of Air Freight.

Jan CREZEE, CEO, and founder of the company explains that he wanted to secure the future of Share Logistics, making a careful choice of a new long-term shareholder and staying involved along the transition of ownership:

"Groupe BBL, with its original "federation of specialists" business model, has a proven track record of respect for the local know-how and structures. Our company employees will go through a smooth transition period, and we will keep providing our customers and partners with an efficient and even wider range of services within the BBL CARGO network."

Christophe BESSET, CEO of Groupe BBL, voices his enthusiasm:

"Share Logistics and Groupe BBL obviously share the same fundamentals: those of a client-driven midsize organization passionate about complex and time-critical logistics solutions; those of a human-sized family business focused on employee expertise and engagement. We have a perfect match regarding the complementarity of the two companies.

Share Logistics will add new countries to our BBL CARGO "Overseas Transport network." Our ambition to build a strong Euro-Mediterranean network now has a continental fully owned footprint in 16 countries with 47 offices and warehouses and more than 500 employees. Altogether, we get an even stronger impact on the export and import transatlantic trade lanes both in Air Freight and Sea Freight, boosted by the addition of Share Logistics business in North and Latin America.

Share Logistics will also bring its strong expertise in new additional vertical industry expertise (e.g., Pharmaceutical, Industrial Projects, Live Events, and Soft commodities). This will obviously serve our clients' supply chains, reinforcing our "Manufacture of Logistics Solutions" service offering.

This new external growth operation was made within the framework offered by the global refinancing operation successfully carried out by BBL's top management in March 2022. Together with Share Logistics, Groupe BBL will now reach more than 1700 employees worldwide and a proforma revenue above 850 M Euros.

For more information: 
Jean-Marc Williatte
Groupe BBL

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