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Business Services,TMT

CitySprint delivers on time for Dunedin

By Dunedin,  November 16,2011

CitySprint acquires two courier operations from Lewis Day and Medical Services

CitySprint, the UK’s leading SameDay distribution network, has today entered into an agreement to acquire the UK courier operations of both Lewis Day and Medical Services Limited (formerly known as Medical Couriers), respectively its fourth and fifth acquisitions since it was backed by Dunedin, the UK mid-market private equity house, in December 2010.

Dunedin backed businesses have made a total of six buy and build acquisitions in the current quarter, and nine so far this year, with a number of other strategic acquisitions under consideration. 

Nicol Fraser, director at Dunedin who sits on CitySprint’s board, commented: “Our portfolio has continued to outperform during the difficult economic environment. This acquisition is evidence of our shared goal with CitySprint’s management to drive continued growth across the business - both for document delivery and for specialist delivery services in high growth segments such as healthcare. Having acquired five businesses in the past year alone, CitySprint is on track to deliver £100 million of revenues in 2012.”

The acquisitions, announced today, strengthen CitySprint’s position as the UK’s dominant SameDay logistics provider, with over 2,000 couriers and 35 ServiceCentres, processing over 15,000 transactions per day. It will also create the UK’s largest SameDay healthcare courier network, supporting the company’s strategy to focus on the key healthcare market for which same day delivery is a critical support service.

The combined business is well placed to offer an enhanced service to its customers through increased scale and national reach and to further develop its specialist offerings.

Patrick Gallagher, chief executive of CitySprint commented: “Today’s acquisitions are a major milestone in our strategy of adding further scale and reach to our national business and expand our specialist capabilities for SameDay delivery. We will quickly integrate the new fleets into our existing operations and will deploy our market leading technology to enhance the service we provide for our clients.”

Dunedin’s Nicol Fraser and Oli Bevan worked with the CitySprint team on the acquisitions.
 

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