22nd November 2018
- Private equity investor EmergeVest announces creation of EV Cargo.
- EV Cargo is a £850 million business focused on intersection of logistics and technology.
- Six EmergeVest-backed companies come together to form EV Cargo.
- 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.
Private equity investor EmergeVest has announced the creation of EV Cargo, consolidating ownership of six of the UK’s leading logistics companies. With £850 million of revenue, EV Cargo is the largest privately-owned logistics business in the UK, providing mission-critical supply chain services to a portfolio of great customers and leading brands.
EV Cargo is one of the UK’s largest providers of transport, logistics and freight forwarding services and logistics technology – created by consolidation of Adjuno, Allport Cargo Services, CM Downton, Jigsaw, NFT and Palletforce into a corporate structure under a new single brand.
All six companies are part of a platform of British logistics firms operated by global investment company EmergeVest. Founded in 2013, EmergeVest has created the group in less than five years and believes now is the time to form EV Cargo to create new synergies, benefits and opportunities for the combined business and its stakeholders.
Individually, the six companies are acknowledged experts in their respective fields with deep logistics heritage, strong recognition and market goodwill. Each will retain its own identity and continue to manage supply chains for the world’s leading brands.
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 by bringing together the best people, processes, technology and networks.
Championing innovation and sustainability, EV Cargo will maximise opportunities for efficiency and growth across existing and new markets. Continued investment across the network will fuel growth, drive acquisitions and ensure EV Cargo is powered by the best technology.
A key benefit of the increased scale of EV Cargo will be new opportunities for employees with enhanced career development paths across the group.
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.
Heath Zarin, EV Cargo chief executive, said: “We are excited to announce the creation of EV Cargo, bringing together our UK logistics and technology platform into a unified £850 million corporate structure. 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.”
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