- 14 January 2021
- Transport / Logistics Services
The UK’s largest independent two-man delivery company Panther Logistics has been acquired by US-based AIT Worldwide Logistics.
The sale of the business to AIT was done at the advice of business consultancy Arrowpoint Advisory, that has had a longstanding relationship with Panther Logistics.
Panther stands to benefit from the buyout thanks to AIT supporting its continued growth, reinforcing its position as the UK’s market leader in two-man delivery. AIT, which has a significant presence in the US two-man delivery market, will expand its presence in the UK.
The Northampton based UK delivery firm specialises in moving high value and bulky items including bedroom, fitness and garden products. Focusing on the e-commerce and direct-to-consumer markets, it has a large and growing number of major e-commerce and omnichannel retail clients.
Colin McCarthy, Managing Director, Panther Logistics said, “We have a longstanding relationship with the Arrowpoint Advisory team and through their knowledge of and relationships within the global logistics sector, they helped us identify our ideal partner for the next stage in Panther’s journey. I would like to thank them for their continued support and would highly recommend them.”