London-based private equity firm Next Wave Partners (NWP) has combined postal firm Secured Mail and e-commerce logistics operator CMS Network to create The Delivery Group. Both companies will keep the same trading names and will continue to operate under the same teams, but will have greater access to pooled resources and clients.
Steve Stokes, CEO for CMS Network, said, “This partnership is in recognition of the quality of service we offer our clients and the growth we have achieved to date. Becoming part of The Delivery Group with NWP’s backing creates many opportunities for our clients and our staff.”
Mark Bigley, CEO, Secured Mail, said, “We look forward to working alongside Steve Stokes and the CMS team to both drive synergies and further increase the range of products for our customers.”
Paul Carvell, The Delivery Group chairman, said, “With Next Wave Partners’ support we will continue to expand our product offering through innovative solutions to our clients’ needs in a fast changing marketplace, and will enhance the organic growth opportunities both in the UK and internationally with further alliances and acquisitions where appropriate.”
April 14, 2015