United Pallet Network ("UPN") is a leading UK and Ireland pallet network, providing mission-critical palletised freight distribution services through a nationwide member network. The acquisition by technology-led specialist northstarr Group, whose portfolio includes Pallet-Track, has created the UK's largest national pallet network. Together, the networks will handle more than 6.3 million pallets a year, with both brands continuing to operate as standalone networks with their own membership models. UPN, which was founded in 2001 by Martyn Chapman, has more than 100 UK members. It operates a 300,000 sq. ft SmartHUB near Lichfield, Staffordshire. The transaction provides the platform for continued investment in UPN's technology, corporate customer offering and network development.

BDO acted as exclusive sell-side financial adviser to UPN on its sale to the northstarr Group. BDO was able to draw upon the expertise of numerous specialist teams throughout the transaction in order to deliver a successful outcome.

 

"25 years ago, I set up UPN with a passion for creating a pallet network dedicated to the highest levels of service and quality. When it came to the time to sell, I chose a Corporate Finance adviser who shared the same passion and qualities.

The sale to northstarr would not have been possible without the commitment, support, and dedication of BDO. It has been an absolute pleasure to work alongside them, and we're delighted with the successful outcome.  I am sincerely grateful for their part in the company’s journey."

Martyn Chapman, Founder and Shareholder