Six logistics firms join forces to create EV Cargo

Six logistics firms join forces to create EV Cargo

Private equity firm EmergeVest has created the largest privately-owned logistics business in the UK after merging six separate logistics businesses it has acquired to create a new entity - EV Cargo. 

EV Cargo, a consolidation of Adjuno, Allport Cargo Services, CM Downton, Jigsaw, NFT and Palletforce, will have annual revenues of £850 million.

EV Cargo will four main operating segments: Express, Global Forwarding, Logistics and Technology. Each of the six brands will retain its own identity. 

Heath Zarin, EV Cargo’s Chief Executive (pictured above), 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.”