Berkshire logistics firm acquires Bedfordshire counterpart
Slough-based DX, which is owned by alternative investor H.I.G. Capital, has acquired Biggleswade-based HBC Logistics.
DX Chief Executive Ian Truesdale, who was appointed to lead the company by H.I.G. Capital just six months ago, said that HBC Logistics would “bring valuable operational capability and sector experience as we continue to evolve the business, particularly across our DX Fulfilment and DX SameDay propositions.”
Truesdale said that the deal marked “the next phase in DX’s expansion and development”, reflecting “deliberate choices about where we invest and how we grow, both organically and through future acquisitions.”
DX Chief Financial Officer Will Wright added: “This acquisition is an excellent fit and natural commercial progression for both DX and HBC. HBC has built a disciplined, high-quality operation that complements our services portfolio and will underpin efficient growth in key regions.”
Wright added: “This is exactly the kind of targeted, strategic investment we are committed to making as we scale the business.”
HBC Logistics was founded in 2017 and provides same-day courier services, international shipping, warehousing and fulfilment and palletised freight services. The company operates out of a 62,000 sq ft headquarters at Biggleswade’s Stratton Business Park and has further support centres in London, Cambridge and Hertfordshire.
The company is a Platinum-rated member of Palletforce and the United Pallet Network and has a footprint spanning the South East, East Midlands and West Midlands. It has a fleet that ranges from small vans to articulated trucks.
The company has sought to strengthen its sustainability credentials over recent years, including partnering with Carbon Neutral Britain. HBC Logistics Director David Northfield said that joining DX would deliver “many opportunities” for the business and would enable it to continue growing, but with greater scale and support.
More about HBC Logistics here: https://hbclogistics.co.uk/
