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.”
Posted on: December 3rd 2018