The identity of the investors has not been disclosed, but the group is reportedly backed by a private fund with €1 billion allocated to expanding cold logistics infrastructure across Europe. The acquisition of McCulla marks an early step in what is described as a long-term strategy focused on key markets in the UK and Ireland.
McCulla Ireland, a family-run company for 56 years, provides temperature-controlled transport and logistics services and employs around 300 staff. The company stated that its leadership and management will remain unchanged, with siblings Ashley McCulla and Carol Thompson continuing in active roles for the foreseeable future.
“While it’s never an easy decision to sell a family business, this opportunity allows us to build on our success and unlock new growth potential with the backing of a strong, like-minded partner,” said CEO Ashley McCulla.
The investors are also said to support McCulla’s environmental initiatives, including its efforts to become Ireland’s greenest logistics provider.
Details of the wider investment strategy are expected to emerge as the platform develops across Europe.
