LDC announces sale of Panther Logistics to US-based AIT Worldwide Logistics
24 Nov 2020
The value AIT sees in Panther is testament to our partnership with LDC over these past four years. Together, we transformed the business, in terms of scale, operations and market position, whilst preserving what made us special."
Commenting on his partnership with LDC, Colin added: “The value AIT sees in Panther is testament to our partnership with LDC over these past four years. Together, we transformed the business, in terms of scale, operations and market position, whilst preserving what made us special. They backed me and my team to grow the business but provided the input we needed when making the big strategic decisions. That meant we were able to build a better, more resilient and ultimately more valuable business, in addition to the increased scale. They were a huge support to me personally and their network also helped us accelerate our growth with some important customer wins.”
“We’re now looking forward to growing Panther as part of AIT’s global business and helping them expand further into the UK.”
Rob Schofield, Director in LDC’s Midlands team, said: “Panther has been a strong growth story for LDC and it has been a pleasure working with Colin and the team.
“Colin immediately came across as a highly capable and driven business leader when we first met him. He has built a high-quality management team, a great business and had real vision for Panther centred on superior service and responsiveness to the client – he just needed the capital and strategic support from a professional board to move forward at pace. This is a great example of how private equity investment can turbo-charge a business whilst staying true to its values and principles.”
He added: “We’re keen to back more businesses like Panther with the investment and support they need to realise their potential.”
The shareholders were advised by Arrowpoint Advisory and Eversheds Sutherland.