Nexxus Capital has completed an investment in Fondo de Transporte México (FTM), a platform of companies in the logistics, cargo, personnel and student transportation sectors.
The investment will be funded through Nexxus VI and Nexxus VI Trust.
With private equity fund Discovery Americas one of the major shareholders in the company, the investment is one of the first in Mexico to bring together several private equity funds.
FTM operates under several brands, including Egoba, MyM and Lipu, and has more than 4,800 transportation units in 29 Mexican states.
The transportation and logistics sector shows significant consolidation opportunities and constitutes the grid for domestic trade as well as trade with North America.
According to the Mexican Institute of Geography and Statistics, in 2015 more than 80 per cent of Mexico’s cargo was transported through highways. Moreover, transport for both students and personnel continues to show significant growth.
FTM will continue to acquire relevant players in the logistics, cargo, personnel, and student transportation sectors which present attractive consolidating opportunities. FTM’s vision is to become the largest and most efficient integrator within the industry.
