Polar Speed Thermologistics
- Date of Transaction: Feb 2014
- Acquirer: UPS
- Service: M&A
Gordon advised the shareholders of leading thermos logistics firm Polar Speed to the world's largest logistics company UPS.
Gordon advised the shareholders of leading thermos logistics firm Polar Speed to the world's largest logistics company UPS. Founded in 1996, Polar Speed specialises in active temperature-controlled deliveries to hospitals, pharmacies, wholesalers and surgery centres as well as directly to patients.
Polar Speed uses a fleet of 118 actively monitored temperature-controlled vehicles for transporting both 2-8 degree Celsius refrigerated and 15-25 degree s Celsius products in accordance with UK guidelines for medicines and healthcare products.
The acquisition adds three facilities to UPS's global healthcare network and is a key part of its strategy to strengthen its healthcare network across Europe.
The combined businesses will provide a high quality service to UK customers as well as providing Polar Speed employees with the opportunity to build on the growth momentum UPS has realised in the healthcare market.
Commenting on the transaction, Alan Cheshire the Chairman and founding shareholder of Polar Speed said:
"Gordon has built a strong relationship with the shareholders over the last three years, helping us to identify the right potential strategic partner and clearly articulating the strategic rational".