Carousel Logistics increases its European coverage with BDA acquisition
The deal strengthens Carousel’s position across Europe, supporting its mission to become the number one choice for high performance industries in the high-value, time critical aftermarket parts services sector. The acquisition is also a major milestone for Carousel, as it continues to extend its European service and technology platform, Gateway.
The combined group now offers clients a wider service portfolio and through dedicated air-bridges an extended network servicing the Netherlands, Ireland and the UK. The acquisition adds extended transport lanes to the existing air and road network, as well as agile next-day parcel and pallet options and personalised warehousing services.
Carousel co-founder and group CEO, Graham Martin said: “With an impressive client portfolio and high service levels we have admired BDA for some time, particularly because they share in our belief for delivering exceptional service solutions.
“As the demand for service-logistics continues to grow, it is important that we provide the right technology, network and services that our clients need. By utilising our established technology infrastructure, we can connect the two companies easily, bringing huge benefits to clients and staff alike. We have a great foundation to work from and we look forward to working with BDA and building on our extensive experience together.”
BDA group managing director, Kevin Turner said: “The way in which Carousel has grown so dramatically, has been really impressive to watch in recent years. With a mutual recognition of one another’s strengths, we have held Carousel’s market-leading service and technology platform in high regard for some time, while Carousel has recognised the strength of our infrastructure and client relationships.
“In joining the wider group of companies, we can extend our service portfolio and offer agile technologies, all for benefit of our clients. Plus, with an innovative culture and award-winning commitment to staff training and development, there is also an exciting opportunity for staff too. We can’t wait to get started.”
BDA will be integrated and rebranded as Carousel to reflect its position within the wider group of companies. Kevin Turner will remain as Managing Director of the air-bridge division and BDA’s operations, locations and account management teams, will remain unchanged.
This is Carousel’s third acquisition since 2016 and this deal will increase the company revenue by more than 50%.
A GCA Altium team, comprising Adrian Reed, Andy Battersby and Durgesh Panchani, advised the shareholders of Carousel on the transaction. GCA’s Simon Chambers, Shane Dulabdas and Freddie Light also provided debt refinancing advice on the deal.