M&A Market Reviews: Logistics and Supply Chain sector

Innovation leading the way as firms seek to optimise performance to improve margins

The UK remains a prime destination for global investment, and we are seeing the return of transactional appetite for mid-market UK logistics businesses.  

Key updates from Q1:

  • 26 deals completed in Q1, where 85% of the deals were trade deals 
  • 38% of deals in Q1 were cross-border 
  • 42% of deals were tech-related 

Download our report for: 

  • What’s happening in the UK logistics sector this quarter 
  • Why investment activity within the robotics and the drone delivery operations sector is still gaining momentum  
  • An overview of recent transactions in the market 
  • Private equity investment in the logistics sector 
  • The Capital markets  


International Logistics Group acquires Global Freight Solutions

Industry-leading e-commerce fulfilment specialists, ILG, part of Japanese Yusen Logistics acquired GFS, accelerating the development of its multi-carrier ECM platform and leveraging the capabilities and infrastructure of the wider group to provide B2B and B2C customers globally. 

HIG Capital acquires DX Group 

PE firm HIG capital took DX Group through a public-to-private transaction, for an aggregate consideration of £307m.  

Tobias Borkowski (Managing Director – HIG) was quoted as saying: “We have been impressed with DX’s growth trajectory underpinned by the supportive market trends, as well as the Company’s commitment to high customer service levels.” 

EFS Global acquires three companies 

EFS Global acquired pallet and parcel distribution specialists Leeds Parcel Company, Pass the Parcel and YDL, expanding the group to over 25 portfolio companies. 

Jordan Kellet (Director - EFS Global) was quoted as saying “We begin 2024 with the incredibly exciting acquisition of these well-known and reputable companies. I am thrilled that we have managed to get our largest acquisition to date over the line, plugging some key areas of the country in North and West Yorkshire.” 

Wincanton acquires Invar

Amidst international interest to take Wincanton private, Wincanton acquired the UK specialist warehouse execution software, automation and controls provider, Invar. 

The acquisition provides Wincanton with the operation to accelerate its robotics and automation transformation goals, therefore creating sustainable supply chain value through the transformation of warehouses and warehouse operations of its customers. 

Read our Q1 2024 Snapshot