EmergeVest has acquired the entire shareholding from the Downton family and will provide additional capital to finance the Company’s growth. The Downton family will continue to serve in their respective roles as senior management of the Company. Investec Bank plc supported EmergeVest’s acquisition of the Company with an integrated debt package.
This investment marks EmergeVest’s seventh acquisition in the UK logistics sector since being formed in 2013. EmergeVest’s current UK portfolio includes Adjuno, Allport Cargo Services, NFT Distribution, NR Evans and Palletforce.