Estes Forwarding Worldwide acquires Superior Brokerage Services

Estes Forwarding Worldwide acquires Superior Brokerage Services

The acquisition is expected to close at the end of October and increases EFW from 750 employees to more than 1,100.

Estes Forwarding Worldwide (EFW), a domestic and international freight forwarders and logistics companies in the United States and a subsidiary of Estes, announced plans to acquire Superior Brokerage Services (SBS), a Minneapolis-based, single-sourced supply chain company specializing in domestic and international transportation, U.S. customs brokerage services and warehousing.

EFW, which is celebrating 20 years of business this month, expects the acquisition to double its annual revenue, the press release notes. The deal will include SBS of Asia, giving EFW a footprint in the region and control tower in Taiwan. This supports the growth of EFW’s international services into new markets, increases international capacity and allows it to engage much deeper into the supply chain, ultimately leading to better end-to-end solutions for U.S. customers. The acquisition is expected to close at the end of October and increases EFW from 750 employees to more than 1,100, with hiring ongoing over the next few months.

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