The APC paves the way for future growth
UK independent delivery network The APC, has announced an ownership restructure that significantly expands upon its existing share base.
The restructure sees The APC return to embrace one of its founding principles whereby every depot within its network has the opportunity to own a part of the company. The restructure also allows employees of the company to become shareholders.
2020 will see The APC look to expand its capacity, customer base and services in line with ever changing market needs. With over 100 locations across the UK, the company aims to build on the potential of its depots, particularly, through expanding their same-day delivery capabilities
Jonathan Smith, Chief Executive at APC Overnight, said: “This ownership restructure unlocks a whole range of opportunities for The APC, enabling us to build on our unique strengths, continue our commitment to better serve the UK’s SMEs, and further develop our existing relationship with Barclays. In focusing on the future, we are keeping our customers and people at the forefront of plans.
“Over the last 25 years, our dedicated network of depots across the UK has been the driving force behind our success. Giving our depots the opportunity to become shareholders celebrates the key role they play in enabling our services as the only carrier exclusively focused on serving the needs of SMEs. This unique position in the marketplace is a source of immense pride for us, and something that we will continue to deliver over the next 25 years of The APC.”
Andy Mayne, Relationship Director at Barclays commented: “Having supported APC over the last 12 years we are delighted to continue to be their funding partner for the next phase of their growth, building on the foundations of an already successful business model.”
Coolin Desai, Partner at PwC, which advised The APC, said: “We are delighted to have advised The APC on broadening the shareholder base and refinancing for growth in line with its core values. The business has developed substantially since inception and this extended partnership with Barclays positions The APC well for further expansion of the services provided to SMEs. We look forward to continuing to support as retained advisor to The APC group.”
Louise Finnie, Partner at Eversheds Sutherland, which advised The APC, said:
“Having worked with the company and its shareholders for over 15 years, we are proud to have advised on this important chapter in The APC story. Allowing shareholders to realise some value for 25 years of hard work, whilst structuring for a more diverse shareholder base going forward, is an exciting step to enable the company to grow further, and we look forward to continuing to support The APC on its journey.”
The APC provides national parcel delivery and collection services through its unique network of privately-owned depots, which specialise in the provision of exceptional services to SME customers across the UK. Sharing in the ownership of the company will strengthen collaboration and commitment across the network, ensuring the SME customer base remains well served for the future.