It didn’t take long for the one firm topping the “M&A radar: Who’s next?“ podium, Agility GIL, to be taken over after our Premium coverage in March last year.
The rich $4.2bn DSV proposal came just about four weeks later, in fact.
In random order, feedback from (invaluable) sources, a bit of luck...
A worthy reminder first, from 23 November 2018:
– Private equity investor EmergeVest announces the creation of EV Cargo
– Six EmergeVest-backed companies come together to form the new entity
– EV Cargo has annual revenues of £850 million and focuses on the intersection of logistics and technology
– Cargo-centric model delivers mission-critical supply chain services
– Business will manage supply chains for world’s leading brands
– Long-term strategy for investment, growth and acquisitions
Then a...
https://theloadstar.com/exclusive-market-insight-uks-ev-cargo-on-the-market-rumours-swirl/
Global freight and supply chain provider EV Cargo Global Forwarding has announced three high-profile internal promotions.
Nick Toye has been appointed vice president of global product and procurement ocean freight, and retains his position as chairman of the Far East cargo line. He joined Allport, as EV Cargo was then known, in 1987 in its air freight department.
Russell Lawrence (pictured above) has been promoted to vice president of the UK region, while Simon Power is now vice...
https://theloadstar.com/ev-cargo-veterans-nick-toye-russell-lawrence-and-simon-power-move-up/
A private equity firm has put together six operators to form the UK’s largest privately owned logistics company, EV Cargo.
The companies, backed by Hong Kong-based EmergeVest, are Allport Cargo Services, Palletforce, CM Downton, Jigsaw, NFT and Adjuno.
The wide range of specialities in the group, from CM Downton, a haulier bought earlier this year by EmergeVest for £75m, to NFT, a cool chain specialist, and Adjuno, a supply chain software company, gives …
The post PE firm puts six operators...
https://theloadstar.co.uk/pe-firm-puts-six-operators-together-form-uks-largest-logistics-company/