EmergeVest forms EV Cargo from its British businesses

London, UK: Six EmergeVest-owned companies have formed EV Cargo from Adjuno, Allport Cargo Services, CM Downton, Jigsaw, NFT and Palletforce.

It will operate as a corporate structure under a new single brand. All six companies are British and operated by investment company EmergeVest. but will retain their own identity and customer base.

“Individually, the six companies are acknowledged experts in their respective fields with deep logistics heritage, strong recognition and market goodwill,” Emergevest, says in a statement.

“EV Cargo includes four main operating segments: Express, Global Forwarding, Logistics and Technology. Operating under the group structure, EV Cargo will adopt a cargo-centric approach, focussing on customer needs across the entire supply chain by bringing together the best people, processes, technology and networks.”

Ross Eggleton, chief executive, NFT said: “The move allows NFT and its customers access to an expanded range of seamlessly-delivered services, creating added value and enhanced competencies under one brand.

“It’s an exciting period and we look forward to delivering on the opportunities for consolidation and business growth with the strength and financial backing of EV Cargo.”

Heath Zarin, chief executive, EV Cargo, (pictured above) said: “We are excited to announce the creation of EV Cargo, bringing together our UK logistics and technology platform into a unified £850 million corporate structure.

EV Cargo is formed from Adjuno, Allport Cargo Services, CM Downton, Jigsaw, NFT and Palletforce

“EV Cargo will continue our existing strategy of delivering mission-critical supply chain services powered by people, technology, innovation and sustainability.

“By working closer together and creating additional capabilities, we will provide new and existing customers with access to a wider range of leading-edge integrated solutions.”

 

 

 

EV Cargo Overview

  • A core asset-based UK logistics network totalling 9 million sq ft of warehousing space and 20,000 trucks
  • A team of 5,000 UK based logistics professionals including 2,200 truck drivers
  • 175 UK operating centres and 18 overseas operations
  • An asset-light and technology-enabled global pallet delivery network comprising over 100 members
  • A multi-temperature 4PL freight-management service in the UK underpinned by 200 partner carriers
  • International supply chain management service powered by industry leading systems
  • International logistics operations managing c 200,000 TEU of sea-freight and c 60,000 tonnes of airfreight
  • Multi-temperature storage and handling capability including hanging garments
  • Pallet, case and item level order fulfilment capability for business and consumers deliveries.

The companies

  • Adjuno provides business cloud software and supply chain management software in the retail and consumer product industries
  • Allport Cargo Services is a UK freight forwarders with deep expertise in retail supply chain
  • CM Downton provides ambient contract logistics for manufacturers
  • Jigsaw provides transport through partner hauliers
  • NFT provides temperature-controlled logistics for fresh foods for manufacturers and retailers
  • Palletforce is a palletised distribution 100 member network
  • EmergeVest is a Hong Kong-based international private equity investor with $450 million in committed capital

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