In 2019, Hudson Hill formed a logistics platform called Fusion Transport. The latter was created through the acquisitions of Global Transport Logistics Inc. and Am Trans Edite.
The coronavirus crisis has created rising e-commerce demand, with customers stuck indoors ordering everything from food delivery to clothing and items for home improvement. Clipper operates a fleet of more than 470 vehicles and counts U.K. retailers including Asda, John Lewis Plc and Marks & Spencer Group Plc among its clients.
The transportation and logistics sector has been consolidating for years because it’s highly fragmented and companies in the space can benefit from scale.
Alibaba, with founder Jack Ma, raises stake in logistics arm. Butterfly and OTTP invest in nutrition products maker. Asian real estate investor Phoenix Property raises new fund.
ICV Partners backs Horizon Air and sees more deal opportunities in the logistics sector. Highview buys food distributor for schools. More deal news from DuPont and Huron. Mergers & Acquisitions seeks nominations for the Most Influential Women in Mid-Market M&A, due Oct. 14.
