Freight forwarding specialist LV Overseas pursues its internationalization and consolidation plan with two new strategic acquisitions

January 13, 2021

21 Invest France announces that its portfolio company LV Overseas has completed two new acquisitions.

In 2020, the LV Overseas group proved the robustness of its activity and organization despite the sanitary crisis, driven by a buoyant market and its positioning on attractive niches. This allows the group to pursue its international buy-and-build strategy with two concomitant acquisitions closed at the end of last year.

Acquisition of Concepts in Freight, Inc. (CIF) | Miami, USA
Founded in 2007, CIF is a reference player in freight forwarding whose core business is located on the USA / Caribbean route. The group coordinates transport, grouping and logistics mainly by sea but also by air. The professionalism of the teams (44 people), willing to offer tailor-made services to customers, allows the group to post a turnover of 15 million dollars, rapidly growing each year.
The merger between the two entities is all the more natural as the LV Overseas group was already a minority shareholder of CIF with which it collaborated partly in the French West Indies. The trust been established over the years and the synergies observed guarantee the success of the integration.
The Miami logistics hub facilitates transport from the USA to French and English overseas territories and also opens up promising prospects for Latin and Central America.

Acquisition of Intelog | Marseille, France
Founded in 2010, Intelog is a sea transport specialist based in Marseille with particular expertise in industrial projects forwarded on Mediterranean routes (particularly to African and Middle East countries).
The company has developed unique know-how in transport services for the civil engineering, construction, drilling (water, mining, petroleum) and industry sectors for which it manages logistics, administrative and customs matters.
With a turnover of 16 million euros, the 22 employees share the same values of excellence and performance as those of LV Overseas and will naturally contribute to the group’s success.
This acquisition strengthens the group’s expertise in industrial projects, a core niche business also mastered by Cargotrans, the group acquired in early 2020. Synergies have already been initiated between the two companies.

Stéphane Perriquet, Managing Partner & Dorothée Chatain, Principal at
21 Invest France comment: « We are happy with the completion of these new acquisitions by LV Overseas, which assert its international platform strategy. The group is accelerating its growth pace in a remarkable way, both organically and through acquisitions, strengthening its geographic network and range of services. Having direct access to the 10th largest port in the United States and the 1st French port is a significant competitive advantage. Several other acquisitions are under study or at an advanced stage.»
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