GFS secure significant investment from Phoenix Equity Partners
We are pleased and excited to announce today that we have successfully secured significant investment from leading private equity firm Phoenix Equity Partners. This new partnership will help us to continue to develop our delivery technology, provide access to even more delivery services and help to extend the level of support for all our customers.
As the leading provider of parcel and carrier management services to retail and B2B businesses in the UK, we arrange the delivery of approximately 10 million parcels per year. Phoenix will work alongside GFS CEO Neil Cotty and the GFS management team to continue to advance the growth and progression of the business into the future.
Neil Cotty, CEO of GFS, commented: “Over the past few years, GFS has grown rapidly as e-commerce businesses increasingly recognise the importance of delivery options as a key differentiator and source of competitive advantage.
GFS’s market leading technology platform allows SMEs to compete with the largest retailers on delivery, whilst our excellent relationships with our carrier partners allow us to offer the best possible range of delivery solutions to our customers, big or small. We are excited to be working with Phoenix – our partnership will give us the investment we need to ensure we remain at the forefront of our sector, and provide our customers, with the very highest level of service.”
Richard Daw, Managing Partner at Phoenix, said: “GFS is a very well-respected business with a strong reputation in an attractive and rapidly growing market. Neil and his team have built a great company that uses its technology to provide an extremely valuable service proposition to its customers and carriers. We are delighted to be partnering with them at a time of continuing rapid growth and significant opportunity in the e-commerce market.”
We are thrilled to work alongside Phoenix, and together we will continue to innovate and help businesses offer the very best delivery experience.
About Phoenix Equity Partners
Phoenix is an independent private equity fund management business. Phoenix is owned by its executive team. Phoenix’s investment focus is on mid-market UK private businesses with high growth potential. Phoenix invests across a wide range of sectors, backing entrepreneurs and management teams to build great businesses.
For more information, visit: www.phoenix-equity.com
Published on 01 March 2017