Sale of CMS Network (UK) to Next Wave Partners LLP

Deal typeM&A
IndustryBusiness Services & Manufacturing
Sub-industryBuilding products

BDO’s M&A team is pleased to announce the sale of CMS to private equity house Next Wave Partners, who will combine it with existing portfolio company Secured Mail to create The Delivery Group. We acted as the initial broker for the deal and then Lead Advisor to the Vendors.       

CMS offers its clients a value-added complete mailroom outsourcing solution. The newly created Delivery Group will provide a highly automated downstream access mail and ecommerce logistics service with a national infrastructure, providing innovative services to both its existing and new clients in the UK and Internationally. This transaction continues to support BDO’s exceptional global credentials in the Transport & Logistics sector.    

“BDO has delivered a fantastic result for the Vendors. The team unlocked the transaction off-market and demonstrated a great understanding of our business and the sector. The Corporate Finance team rolled up their sleeves and supported our accounts function through comprehensive modelling and due diligence processes. The team were proactive in their support, providing solutions throughout the process which helped secure an excellent deal for us. We are delighted with the deal and the service we received, and would be happy to recommend them for any future transactions.”           

Steve Libroia, Chief Financial Officer, CMS Complete Management Inc.