Evolve Corporate Finance, the national M&A advisory practice headquartered in Birmingham, has successfully advised Fracht Logistics Limited – a subsidiary of Fracht (UK) Limited – on the acquisition of Drac Logistics, a freight forwarding business.
Fracht Logistics Limited a subsidiary of Fracht (UK) Limited, which is led by Chairman, Paul Carlile, has acquired the assets and trade of Drac Logistics freight forwarding business. The transaction will provide continuity to customers whilst securing the long-term future of the company and preserving freight forwarding jobs in the company.
Drac Logistics, founded in 2009 and headquartered in Stone, has a longstanding reputation in the freight forwarding market, spanning 17 years, and offers domestic and international supply chain solutions. Operating across England and Scotland, its services span air, road, rail, and sea freight, European groupage, and worldwide customs and clearance services.
Fracht Group is a Swiss-domiciled, international freight forwarder and industry leader in comprehensive logistics solutions. Founded in 1955 by Mr Rudolf Reisdorf, the independent and family-owned business has a global presence spanning more than 150 offices in 50+ countries.
As part of the wider Fracht family of businesses, Fracht Logistics Limited will have access to a substantial network of global offices and the financial backing of the wider group. This will enable the company to deliver exceptional service to customers and enable the business to develop its service offering moving forward.
An advisory team at Evolve Corporate Finance, led by David Neate, partner, provided strategic advice to Fracht Logistics Limited.
WHAT OUR CLIENTS SAY
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“We are delighted to have advised Fracht Logistics on its acquisition of Drac Logistics, a business with a long and proud history in the freight forwarding market. The acquisition will see the company develop new and exciting services and enhance its ability to serve a global client base as part of the wider Fracht family – a global freight forwarding and logistics business with an outstanding reputation. We look forward to seeing Fracht Logistics achieve continued success.”
Evolve Corporate Finance
David Neate, Partner
“We are happy to welcome our new colleagues from Drac into the Fracht Group. First and foremost, we see a great cultural fit. Both companies are very likeminded in our dedication to customer service and building close relationships with a reliable supplier base, to ensure we meet our promises. Together, our combined resources and greater presence across the UK create an exciting platform for growth.”
Fracht UK Ltd
Claus Rasmussen, Managing Director
“This represents an exciting new chapter being a part of the Fracht Global family, providing continuity for our staff, customers and suppliers. Providing broader international support and increased resources. This allows us to invest further in our people, systems, and global network – ultimately delivering even better solutions, flexibility, and long-term value for our clients.”
Drac Logistics
Alex Hayes, Founder
The deal team
Who made it happen
