Business Description
Palletised freight logistics
Background
Palletways is the market-leading provider of less-than-full load palletised freight logistics in the UK, and is growing rapidly in Continental Europe. The company contracts with approximately 250 independent delivery businesses (members) to organise and distribute small consignment loads of palletised freight. Phoenix backed James Wilson (CEO, ex TNT) as MBI candidate in the transaction.
Investment Rationale
- Strong brand in the high growth small consignment pallet logistics market
- Opportunity to back James Wilson, a high quality executive with a strong and relevant track record
Strategy
- Continue to grow and develop the business in the UK, leveraging high market growth
- Launch continental European businesses
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| Name | Palletways |
| Sector | Business Services |
| Location | Lichfield, UK |
| LFY Revenue | £67m |
| Deal Type | BIMBO |
| Transaction size | Not Disclosed |
| Deal Date | Jul 2004 |
www.palletways.com