APC Overnight, the UK’s largest independent parcel delivery network, confirmed on 18 July that control of the company has transferred to a consortium made up of WS Holdco Limited, DBAY Advisors Limited, and other investors. Existing legacy and depot shareholders, along with members of the management team, will retain a minority stake.
William Stobart is widely known in the UK logistics industry as a co-founder and long-serving executive of the Stobart Group and its logistics spin-off, Eddie Stobart Logistics. His return to a leadership role in the sector is likely to attract attention from across the road transport and delivery industry.
In a statement, The APC said it had sought a long-term investment partner who would value the network’s past successes and support its future ambitions.
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Stobart commented on the acquisition:
“We are looking forward to working closely with The APC’s management team and network members to bring the passion of their entrepreneurial businesses together to strengthen our service proposition, continuing to support and accelerate the growth of our customers.”
Andy Evans, Chairman at The APC, said the new owners shared the company’s core values and would help drive sustained development:
“William and the new ownership structure align strongly with the values of The APC and will play a pivotal role in our mission to support sustained growth of both the business and our network.”
Eversheds Sutherland acted as legal advisors on the transaction, while PwC provided corporate finance and tax advisory services.
