Dunedin's CitySprint buys Sameday UK

The Sameday bolt-on is the eighth since the GP backed CitySprint in December 2010 and will expand the firm's scale and reach.

CitySprint has acquired all of Sameday UK's operations, which includes a local and national customer base. CitySprint, which has revenues of £100m, acquired Eagle Express Worldwide Couriers in December 2012.

The Sameday UK deal was sourced by CitySprint's management, and negotiations took three months from start to closing.

CitySprint will continue to acquire businesses with strong growth in the retail and pharmaceutical sectors. There is a strong pipeline for new deals in the future, possibly to be completed during Q1 2013, the GP told unquote".

In the last year, Dunedin has completed three exits as well as the £34.5m MBO of Premier Hytemp. The GP has completed a total of 15 portfolio acquisitions since the end of 2011.

Company
Headquartered in London, CitySprint was founded in 2001 and offers same-day delivery services through its national network of 31 centres. Its key services consist of same-day courier, same-day logistics, and international and UK overnight courier services, catering for various sectors including healthcare and retail.

People
Nicol Fraser is a partner at Dunedin and sits on CitySprint's board. Patrick Gallagher is the chief executive of CitySprint.

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