International e-commerce logistics operator P2P has become part of The Delivery Group to create a £200 million mail and express business.
The Delivery Group was established in March 2015 to combine Secured Mail and CMS Network under common ownership. With P2P joining the business, The Delivery Group will have a turnover of some £200m, operating from six locations, with around 500 employees and handling more than 500 million items per annum.
P2P employs around 150 staff and works with a number of major brands, providing both tracked and untracked e-commerce distribution services from its locations at Basildon and Heathrow.
Paul Carvell, chairman of The Delivery Group said: “P2P brings an even greater international perspective and expertise to The Delivery Group, with a range of services, including the pioneering and innovative worldwide tracked delivery solution designed specifically for the ecommerce sector, TRAKPAK, providing tremendous new options for our existing ecommerce customers. In keeping with The Delivery Group strategy, P2P will continue to provide the same great service under the same trading names and run by the same management team.”
P2P’s CEO Ian Dowie and COO Malcolm Barrell will both join The Delivery Group’s board alongside Carvell, Michael Owen as chief financial officer, Secured Mail’s CEO Mark Bigley, CMS ‘s CEO Steve Stokes, as well as representatives from Next Wave Partners, the private equity firm.
Peter Wood, investment director at Next Wave said: “We are delighted that P2P has joined The Delivery Group, and believe that the combined entity will create a market leading ecommerce logistics proposition with a strong culture of customer service and an innovative approach across all three businesses.”
P2P’s founder and CEO Ian Dowie said: “We chose to join The Delivery Group not only because we could see the exciting service opportunities that we can offer together, but because the cultural fit and focus on customer service was evident right from the first meeting. We look forward to working alongside Mark Bigley and Steve Stokes and their teams to create something special.”
Secured Mail is a national downstream access mail and e-commerce operator, while CMS offers its clients a value-added one stop mailroom outsourcing solution with significant clients in the financial and media sectors.