International ecommerce logistics operator P2P has joined The Delivery Group, bringing together three of the most successful UK businesses in the post and parcel sector.
Existing private equity firm Next Wave Partners LLP has backed the deal, which they announced today, (date).
Next Wave Partners LLP commented: "We are delighted that P2P has joined The Delivery Group, and believe that the combined entity will create a market leading ecommerce logistics proposition with a strong culture of customer service and an innovative approach across all three businesses."
P2P is one of the UK’s leading international ecommerce logistics operations. The business employs around 150 staff and is partnered with some of the UK’s largest and best known brands, providing both tracked and untracked ecommerce distribution services from its locations at Basildon and Heathrow.
Secured Mail is a national, highly automated downstream access (DSA) mail and ecommerce operator, whilst CMS offers its clients a value-added one stop mailroom outsourcing solution with significant clients in the financial and media sectors. They currently work together on both DSA, International and London hand delivery to provide a competitive range of UK services to their respective customers.
P2P’s Founder and CEO Ian Dowie said: "We chose to join The Delivery Group not only because we could see the exciting service opportunities that we can offer together, but because the cultural fit and focus on customer service was evident right from the first meeting. We look forward to working alongside Mark Bigley and Steve Stokes and their teams to create something special."
Paul Carvell, Chairman of The Delivery Group commented: "P2P brings an even greater international perspective and expertise to The Delivery Group, with a range of services, including the pioneering and innovative worldwide tracked delivery solution designed specifically for the ecommerce sector, TRAKPAK, providing tremendous new options for our existing ecommerce customers. In keeping with The Delivery Group strategy, P2P will continue to provide the same great service under the same trading names and run by the same management team.”
The Delivery Group consisting of P2P, Secured Mail and CMS, will have an estimated turnover of £200m, operating from six locations with around 500 employees and handling in excess of 500m items per annum.
Services offered include international and domestic ecommerce and mail deliveries, direct marketing mail distribution, managed mail solutions and financial research and IPO document logistics.
P2P's Ian Dowie (CEO) and Malcolm Barrell (COO), will both join The Delivery Group's board of directors alongside Chairman Paul Carvell, Michael Owen as Chief Financial Officer, Secured Mail's CEO Mark Bigley, CMS 's CEO Steve Stokes, as well as representatives from Next Wave Partners LLP.