Palletways

International pallet delivery network

palletways.com
Date Invested
July 2004
Status
Realised

At a glance

#1
network for European palletised freight
40,000
pallets delivered per day across 20 countries
5.5x
profit growth during investment

Palletways is Europe’s largest and fastest growing network for palletised express freight. Every day, approximately 40,000 pallets are delivered by Palletways through a pan-European network of 350 members spanning 20 countries.

Our partnership

Phoenix spent a year working alongside James Wilson (former divisional CEO of TNT) to identify an attractive investment opportunity, before investing in Palletways

With Phoenix’s help, James and his team developed an ambitious expansion plan for Palletways. We supported the business’s international expansion with additional capital and helped re-engineer the network economics. An international management team was also recruited.

During our investment period, Palletways was transformed from a UK business into the only pan-European palletised freight network covering 20 countries. In June 2016, Palletways was sold to Imperial Holdings for a total transaction value of £163 million, delivering a 4.3x return on investment.

"Phoenix had a philosophy of involvement without interference and proved to be the most reliable support team we could have imagined.”

James Wilson, CEO of Palletways