<article>Hong Kong-headquartered private equity firm EmergeVest has consolidated its six UK logistics assets into a single platform, EV Cargo.</article>

Hong Kong-headquartered private equity firm EmergeVest has consolidated its six UK logistics assets into a single platform, EV Cargo.
EmergeVest said that with £850 million (nearly $1.1 billion) in revenue annually, EV Cargo is now the largest privately-owned logistics business in the UK.
The six businesses are Adjuno, Allport Cargo Services, CM Downton, Jigsaw, NFT and Palletforce. The new firm will feature a core asset-based UK logistics network totalling 9 million square feet of warehousing space and 20,000 delivery vehicles; a team of 5,000 UK based logistics professionals including 2,200 truck drivers; 175 UK operating centres and 18 overseas operations; and international logistics operations managing 200,000 containers of sea freight annually and 6 million kg air freight monthly.
EV Cargo includes four main operating segments of express, global forwarding, logistics and technology. The company said it will maximise opportunities for efficiency and growth across both existing and new markets.
The EV Cargo executive board will be led by EmergeVest founder Heath Zarin as CEO, supported by chief strategy officer Simon Pearson, general counsel Mark Davis and the chief executives of the four main operating segments.
&#8220;We are excited to announce the creation of EV Cargo, bringing together our UK logistics and technology platform into a unified corporate structure. These six firms are all &#8220;best in class&#8221; in their respective areas of specialisation and bringing them together is highly complementary,” said Zarin.
Founded in 2013, EmergeVest has primarily invested in the logistics and technology sectors in the UK and Asia. Other companies in its portfolio include Hong Kong’s Cargo Services Group and Vietnamese software firm Groove Technology.
With more than $450 million in cumulative capital commitments, EmergeVest&#8217;s current portfolio comprises of businesses that generate more than $1.5 billion of revenue annually.

With £850 million (nearly $1.1 billion) in revenue annually, EV Cargo is now the largest privately-owned logistics business in the UK, EmergeVest said.

Hong Kong-based EmergeVest consolidates UK assets to form $1.1b logistics platform

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Hong Kong-based EmergeVest consolidates UK assets to form $1.1b logistics platform

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