Livingbridge, a UK mid-market private equity investor, has agreed the sale of Carousel Logistics to Danish private equity firm Axcel.
The transaction will facilitate the combination of Carousel Logistics and DANX A/S, a Danish-headquartered logistics firm servicing the Nordic region and the Baltics.
Founded in 1986 by former CEO Graham Martin and Michael Martin, Carousel Logistics has grown into a pan-European logistics specialist delivering aftermarket solutions to organisations in performance and life-critical industries. It is headquartered in the UK, with offices across the Netherlands, Germany and Spain, and has 213 employees.
Livingbridge first invested in Carousel Logistics in 2013, having identified it as a uniquely positioned business in a large and growing addressable market. Since its investment, Livingbridge has supported Carousel Logistics in its M&A programme, successfully acquiring AYS Logistics in 2016, guiding the firm’s merger with LSi Logistik in 2017, and acquiring BDA Logistics Innovation (BDA) in 2019.
