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Comment / Shopping for M&A business in forwarding?

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Not just one, but two forwarders are thought to be up for sale.

UK-headquartered EV Cargo and German digital forwarder Forto. 

EV Cargo is the platform company of private equity owner EmergeVest, and was formed in 2018 by bringing together a group of UK companies including Allport, Palletforce, Adjuno and CM Downton.  

A sale of EV has been mooted for some time, including via an IPO, but market rumours are getting louder. 

One forwarding source said: “I think EmergeVest’s investors are getting bored ...

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