A long-established North West-based two-person home delivery specialist has been bought by a €1.2bn-turnover pan-European logistics and transportation business.
Wigan-based ArrowXL has been acquired by the Jacky Perrenot Group in an acquisition which is its first move into the UK.
Under the terms of the deal the existing ArrowXL senior executive management team will remain, operating the business as usual with all 2025 operational investment plans continuing.
The acquisition will enable retail customers to access other geographies utilising its expertise in two-person delivery and its network of existing operations in more than 170 sites in France, Spain, Portugal and Benelux.
The group has more than 80 years of experience, a fleet of in excess of 10,000 vehicles and 10,000 employees.
This purchase will enable ArrowXL to leverage the Jacky Perrenot Group’s rapidly expanding B2C expertise through JP HOME, its dedicated B2C brand.
Charlie Shiels, chief executive at ArrowXL, said: “I am delighted with this news and couldn’t have hoped for a better new owner that will bring future security for our people and our business.
“It is clear to us that the Jacky Perrenot Group shares similar values with ArrowXL with a strong commitment to sustainable development and to delivering the best service in the marketplace. They are a significant European company with huge ambitions and all parties are genuinely excited for the future.”
Mathew Deering, chairman at ArrowXL, said: “ArrowXL attracted a lot of interest from both UK and international buyers due to the strength of its team, infrastructure and client base alongside its reputation for high levels of service. It has been a pleasure working with a very committed and capable Management team, our owners and funders towards this transaction over the last 12 months.
“There is no doubt that in Jacky Perrenot Group, we have found the right home for the business, with the resources and strategic focus to keep Arrow at the forefront of its industry for years to come.”
Philippe Cuoc, CEO of the Jacky Perrenot Group, said: “We welcome everyone at ArrowXL into our family and assure them of our intention to support the business with continued investment to further strengthen their industry leading status.
“We are excited to now own an established operation in the UK which is the largest and most vibrant ecommerce market in Europe which we believe will be of great benefit to our customers. We announced our ambitions two years ago to create an International Bulky B2C European solutions, and today, with ArrowXL, part of the JP group, we have a powerful combination that brings us closer to this target.”
M&A – The sales process was led by Rothschild & Co, Barry Sheehan and Alex Wheatley
Teneo acted as administrators of ArrowXL’s parent company – Dan Smith, Rob McCrossen and Gabi Rudinskyte (all based out of Manchester).
More about Arrow XL here: https://www.arrowxl.co.uk/
https://couriernews.co.uk/blog/logistics-giant-acquires-home-delivery-specialist/