CitySprint has completed the acquisition of Dartford-based Bexley Couriers, bringing the number of acquisitions made by CitySprint to twenty-one, since it received investment from UK mid-market private equity firm Dunedin in 2010.
It follows the acquisition of two Milton Keynes based logistics operations, CJ’s Logistics and Worldwide Logistics and Distribution, which took place earlier this year.
Since its establishment in 1988, Bexley Couriers’ diverse fleet has offered a range of local and national delivery services. The acquisition further strengthens CitySprint’s regional network, whilst giving Bexley Couriers’ customers access to CitySprint’s unrivalled network of 3,000 couriers, which can reach 88 per cent of the UK mainland population in under one hour.
Nicol Fraser, partner of Dunedin who sits on CitySprint’s board, says: “Dunedin has worked alongside the management team to drive the rapid growth of CitySprint over the last five years, cementing its position as the UK market leader in same-day delivery. The twenty-first acquisition is an important milestone in the company’s development and we see exciting opportunities ahead to further increase the scale of what is a unique business in its sector.”
Patrick Gallagher, Chief Executive of CitySprint, says: “This acquisition strengthens our regional network and our commitment to providing the best delivery service in the UK and we remain dedicated to further building on our market-leading position.”