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UNQUOTE
  • Expansion

EmergeVest backs EV Cargo

  • Francesca Veronesi
  • Francesca Veronesi
  • 23 November 2018
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EmergeVest, a Hong Kong-based PE house, has created EV Cargo by grouping six of its logistics-focused portfolio companies.

Founded in 2013, EmergeVest acquired the logistics companies in less than five years. Adjuno, Allport Cargo Services, CM Downton, Jigsaw, NFT and Palletforce are now merged into a single corporate structure. 

The new firm will feature a core asset-based UK logistics network totalling nine million square feet of warehousing space and 20,000 delivery vehicles. It will employ a team of 5,000 UK-based logistics professionals, including 2,200 truck drivers, and operate out of 175 locations in the UK and 18 overseas.

Company
Founded in 2018 from the merger of six companies, EV Cargo has annual revenues of £850m and focuses on the intersection of logistics and technology. The business operates in 120 countries.

People
EmergeVest – Heath Zarin (CEO).

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