TPN Partner LTS Global Solutions has completed a successful management buy-out (MBO), setting the business on route to grow by more than 40% in the next five years.
Established in 1999 as a transport operator, Birmingham-based LTS is now a total logistics provider offering global supply chain solutions specialising in ocean, air and rail services, third party logistics (3PL) and fulfilment solutions. It has also thrived as a Partner of TPN, offering UK and international palletised freight distribution.
The company currently employs 60 people at its Midlands hub and plans to create at least six new jobs next year, as well as moving to new larger premises by 2022. Â
The MBO, which was completed in mid-November 2020, will enable LTS Global Solutions to focus on areas of growth such as import/export and e-fulfilment, which is becoming even more important as a result of the current Covid-19 outbreak.
TPN has been a crucial part of the company's strategy, allowing cost-effective and timely movements of smaller consignments. It also means LTS has an effective mechanism for dealing with the rapid growth in home deliveries created by the Covid 19 restrictions.
Leading the MBO team is current managing director Dave Hands and Mirza Baig, LTSâ€™s director of international services.Â
Hands says:Â â€œOur key markets are construction, retail and manufacturing, where we provide a wide range of added-value logistics services. This is where we differentiate ourselves from our competitors â€“ providing customers with more than just transport services, rather complete, business critical logistics solutions.
"TPN is a vital ingredient in those solutions, meaning that we can as easily handle small numbers of pallets to disparate destinations as we can ship large dedicated loads around the world. Our customers require that flexibility."