Manchester delivery business acquired by New York private investment firm

A Manchester-based franchiser of parcel, freight and delivery logistics services has been acquired by New York private investment firm Hudson Hill.

InXpress serves SMEs through a software platform and global network of 400 franchises in 14 countries and on Tuesday, the US investment firm founded by Eric Rosen announced it had acquired a majority stake.

The announcement said the transaction reinforced Rochdale-based InXpress’ long-term commitment to “world-class” transportation and logistics solutions. The acquisition has been carried out in partnership with the company’s senior management team.

Established in 1999, InXpress maintains relationships with tier-one parcel, air, and freight carriers around the world, offering discounted rates to franchisees that form relationships with SME customers through its direct salesforce.

The company also offers SME customers and franchisees a Software as a Service (SaaS) platform, allowing franchisees to effectively manage customer service and customers to centrally manage their transportation and logistics requirements.

Mark Taylor, global CEO of InXpress since 2015, said: “Most SME shippers do not have access to a simple, centralized transportation shipping solution like InXpress.

“Nor do they have access to experts in shipping at a local level, which is part of the service InXpress offers. The InXpress platform offers one-stop shipping solutions that leverage our expertise, dedicated customer service, and entrenched relationships with multiple carriers to provide business-to-business and e-commerce customers choice, scalability, and highly competitive rates to simplify all of their shipping needs.

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“We are excited to work with the experienced Hudson Hill team to enhance our business and consistently improve our service offering to our global customers.”

Eric Rosen, managing partner of Hudson Hill, said: “We target companies founded by entrepreneurs and run by high quality management teams with whom we can partner to bring the company to the next level of growth.

“InXpress presents a unique platform to continue to build the business globally and offer a wider set of freight solutions. We look forward to working closely and in partnership with existing management shareholders, Mark Taylor, Adam Thompson, Dustin Hansen, and the entire management team.”

(Image: Niall Carson/PA Wire)

Christian Mayo, who led the deal from KPMG’s Corporate Finance team, said: “InXpress is a leading example of a high quality software-enabled business, achieving very significant growth on a global scale and with huge potential.

“This deal was highly contested and demonstrates the extremely strong M&A market for businesses that are continuing to perform in the current environment. 

“This process was conducted right across the global pandemic period and is a testament to the expertise of all involved.”

Business Live – North West

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