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Acquisition delivers £200m turnover for Warrington’s The Delivery Group
E-commerce and specialist mail delivery business The Delivery Group has seen a 61% increase in turnover following its acquisition of international e-commerce company P2P Mailing.
The Warrington-headquartered firm achieved sales of £200m in the 12 months to December 31 2016, up from £124.1m the year previous.
Private equity-backed The Delivery Group, which comprises Secured Mail and CMS Network, added P2P Mailing to its portfolio in October 2016.
The company said P2P’s international tracking offer, TRAKPAK, was a “key reason” for the acquisition. The service covers more than 200 countries.
The Delivery Group is now forecasting a turnover of £235m in 2017 despite potentially difficult market conditions triggered by Britain’s exit from the European Union.
Paul Carvell, chairman of The Delivery Group, said: “Joining forces with P2P Mailing has been a major coup for the Group and one that enables us to offer our 850-strong client base a truly holistic e-commerce and specialist mail delivery service.
“The influence of e-commerce on the future of distribution cannot be underestimated; last year alone it contributed £133bn to UK GDP, and this acquisition now makes us the provider of choice for specialist mail deliveries and domestic and international e-commerce.“
Private equity fund manager Next Wave Partners LLP has backed The Delivery Group’s growth journey, which saw it develop from a £30m-turnover business into its present nine-figure financial position.
Paul continued: “Having continued our rapid growth in the face of market uncertainty in 2016, we’re expecting to accelerate our sales performance even further in 2017 due to further investments in leading edge technology to deliver excellence in customer service in addition to unlocking cross selling opportunities.” Read more
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