Parslows advise Jersey Post regarding investment in US business – Global eParcel Solutions
Parslows is pleased to announce that its client, Jersey Post Group, has invested in the United States business, Global eParcel Solutions (GePS), based in Miami.
GePS is focused on providing complete, worldwide postal and commercial solutions for wholesale and retail companies predominantly in the USA. The organisation currently provides services in the areas of international cross-border sector for the business-to-consumer market, freight forwarding services to US and Australasian destinations and fulfilment services for customers and businesses in North America.
The deal forms part of an established plan of Jersey Post to implement an international strategy to exploit opportunities outside of the finite local market with acquisitions being completed for a freight and logistics company and a commercial customs clearance broker, both based in the UK. The investment in GePS strengthens and provides a further component to Jersey Post’s expanding international network.
Tim Brown, Chief Executive at Jersey Post stated, “We recognize that our primary base and market is Jersey. As a locally grown business, we have a duty to evolve our services in order to meet the changing needs of Jersey-based customers and businesses. Not only does the investment in GePS provide extended, international services to fulfil the needs of Jersey businesses, wherever they operate, it will also provide valuable returns to support the ongoing and long-term provision of our on-island delivery network.”
David Hill, Solicitor, who leads the Parslows’ Jersey Post team said: “Following the recent acquisitions of Fraser Freight and HICS Worldwide we are delighted to have advised Jersey Post on the continued implementation of its international strategy.”
If you require any further information, please contact David Hill.
- David Hill, Solicitor, acts for a wide range of clients from multinational companies to SMEs and high-net worth individuals.
- David has considerable onshore and offshore corporate and commercial experience playing a key role in some high profile corporate and M&A transactions.
- Before joining Parslows, David was managing partner at a boutique London firm and prior to that was a corporate and commercial partner at Howard Kennedy.