Panther Logistics has been acquired by AIT Worldwide Logistics
Arrowpoint Advisory’s Business Services team have advised on the sale of Panther Logistics, the UK’s largest independent two-man home delivery firm, to US-based AIT Worldwide Logistics.
This is another milestone in Arrowpoint Advisory’s longstanding relationship with Panther, having advised the founding shareholders on their partial exit to an LDC-backed management buy-out in 2016.
The acquisition will see AIT supporting Panther’s continued growth, further reinforcing its position as the UK’s market leader in specialist two-man delivery, while extending AIT’s presence in the UK market and generating exciting opportunities for staff and customers alike. AIT Worldwide Logistics already has a significant presence in the US in the white glove home delivery and e-fulfilment sectors with the two businesses sharing a number of synergies.
Headquartered in Northampton, Panther specialises in providing two-man home delivery services, supplying household furniture, white goods and other high value items including bedroom, fitness and garden products. Panther is the partner of choice for a growing number of major e-commerce and multi-channel retail clients for which speed of delivery, product care and end customer experience are critical. Differentiated by its best-in-class service offering, flexible operating model and focus on e-commerce / direct-to-consumer channels, Panther has developed both a leading position and sustainable competitive advantages in the two-man delivery market.
Panther Logistics Managing Director, Colin McCarthy commented: “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.”
Barry Sheehan, Director at Arrowpoint Advisory, added: “We are delighted to have supported Colin and the Panther team, firstly on their investment from LDC in 2016 and now in their partnership with AIT. It has been an exciting journey and as part of AIT, Panther is well positioned for continued growth and international expansion.”