Thursday, November 29, 2018

Merging of Six UK Logistics Companies to Form Largest Single Privately Owned Freight Group

Despite Consolidation All Will Continue to Retain Individual Identities
Shipping News Feature
UK – Private equity investor, EmergeVest, has consolidated its ownership of six UK based logistics companies to form EV Cargo. With £850 million of revenue, EV Cargo claims to be the largest privately-owned logistics business in the UK. EV Cargo has been created by the consolidation of supply chain software company Adjuno, logistics providers Allport Cargo Services and CM Downton, managed solutions provider Jigsaw, time-critical delivery specialist NFT, and pallet distributor Palletforce into a single corporate structure. Each company will retain its own identity.

The new firm will feature a core asset-based UK logistics network totalling 9 million square feet of warehousing space and 20,000 delivery vehicles; a team of 5,000 UK based logistics professionals including 2,200 truck drivers; 175 UK operating centres and 18 overseas operations; and international logistics operations managing 200,000 containers of sea freight annually and 6 million kilogrammes of air freight monthly.

EV Cargo includes four main operating segments: Express, Global Forwarding, Logistics and Technology. Operating under the group structure, EV Cargo will adopt a cargo-centric approach, focussing on customer needs across the entire supply chain.

Championing innovation and sustainability, EV Cargo says that it will aim to maximise opportunities for efficiency and growth across both existing and new markets. Continued investment across the network will fuel growth, drive acquisitions and ensure EV Cargo is powered by the latest technology.

The EV Cargo executive board will be led by EmergeVest founder Heath Zarin as Chief Executive Officer, supported by Chief Strategy Officer Simon Pearson, General Counsel Mark Davis and the Chief Executives of the four main operating segments. Zarin, said:

"We are excited to announce the creation of EV Cargo, bringing together our UK logistics and technology platform into a unified corporate structure. These six firms are all ‘best in class’ in their respective areas of specialisation and bringing them together is highly complementary. And although these are UK firms our business is global, operating in more than 120 countries.

"EV Cargo will continue our existing strategy of delivering mission-critical supply chain services powered by people, technology, innovation and sustainability. By working closer together and creating additional capabilities, we will provide new and existing customers with access to a wider range of leading-edge integrated solutions."

Photo: Heath Zarin poses before a vehicle decorated with the new livery.