The APC announces new ownership
The APC delivery network has announced a transition to new ownership, formed of WS Holdco Limited, DBAY Advisors Limited and investors, who now hold the majority stake in The Alternative Parcels Company (The APC).
The existing legacy and depot shareholders along with management will retain a stake in the business.
The APC importantly wanted a partner that will make a long-term investment in the business and recognise the past successes and future potential of the network.
William Stobart, CEO of WS Holdco Limited, said: “We are looking forward to working closely with The APC‘s management team and network members to bring the passion of their entrepreneurial businesses together to strengthen our service proposition, continuing to support and accelerate the growth of our customers.”
Andy Evans, Chairman at The APC, said: “William and the new ownership structure align strongly with the values of The APC and will play a pivotal role in our mission to support sustained growth of both the business and our network.”
Eversheds Sutherland were appointed as legal advisors and PwC as corporate finance and tax advisors during the transition to new ownership.
