“Significant” new investment for GFS

Parcel and carrier management services provider GFS has announced that it has secured “significant” investment from Phoenix Equity Partners. Neil Cotty, CEO of GFS, commented: “Over the past few years, GFS has grown rapidly as e-commerce businesses increasingly recognise the importance of delivery options as a key differentiator and source of competitive advantage.

Using its proprietary technology platform, GFS arranges delivery of approximately 10 million parcels a year on behalf of over 300 customers. The company says it can give its customers “access to over 1,000 different delivery options through approximately 50 carriers”.

Phoenix Equity Partners was previously the owner of Palletways – which it sold last year to South Africa-based Imperial Holdings for £163m.