H.I.G. Capital, a global alternative asset investment firm, acquired DX Group, a Slough, UK-based provider of a range of specialist delivery services, for an aggregate consideration of £307M.
With the acquisition, H.I.G. Capital will expand its offerings.
Led by CEO Paul Ibbetson, DX is a provider of a wide range of delivery services to both business and residential addresses across the UK and Ireland, including parcel, freight, secure, courier, and logistics services. First established in 1975 as a Document Exchange service to the legal sector, it provides a range of overnight delivery services as well as logistics services. The company operates through two divisions, DX Freight and DX Express:
- DX Freight comprises DX 1-Man and 2-Man/Logistics, with the division being one of only a small number of operators that provides an overnight delivery service for irregular dimension and weight freight (“IDW”).
- DX Express comprises DX Parcels and DX Exchange and Mail, with the division specialising in the delivery of time-sensitive parcels, and documents.
DX Group was previously listed on the London Stock Exchange’s AIM market.
FinSMEs
29/01/2024