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The Delivery Group seals PE-backed deal
The Delivery Group, which is based in Warrington, has taken over a provider of e-commerce distribution services to clients including the Hut Group and ASOS in a private equity-backed deal.
The group, which is the parent company of Secured Mail and CMS Network, has joined forces with P2P to create an organisation with an estimated turnover of about £200m and more than 500 employees operating from six locations.
The deal was supported by additional investment from Next Wave Partners, an existing backer of the Delivery Group.
P2P, described as one of the UK’s leading international e-commerce logistics operators, employs more than 150 staff and is partnered with well-known brands including ASOS, The Hut Group and Gardners Books, providing e-commerce distribution services from its sites at Basildon and Heathrow.
P2P chief executive Ian Dowie and chief operating officer Malcolm Barrell will both join the Delivery Group’s board of directors alongside chairman Paul Carvell, chief financial officer Michael Owen, Secured Mail’s chief executive Mark Bigley and CMS’ chief executive Steve Stokes, as well as representatives from Next Wave Partners. Read more
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