CitySprint, the same-day courier network, has acquired the Post Haste Group for an undisclosed sum.
Post Haste is a specialist same-day express courier company which was founded in 1977. CitySprint has acquired the Reading, Bracknell, Basingstoke, Tolworth, Swindon, High Wycombe, Watford, Edinburgh and Dundee elements of the Group.
The deal will see CitySprint expand its UK presence, increase revenues by an estimated six per cent and continue its growth strategy, which has been fuelled by a period of organic growth and four strategic acquisitions which have been made in the past 18 months.
CitySprint said that while the deal did not expand its infrastructure, as all locations will be merged with existing CitySprint service centres, it would increase staff and fleet sizes enabling it to increase capacity and therefore responsiveness.
CitySprint chief executive Andrew Bernard, said: “We have recognised Post Haste as a strong business and are delighted to be able to offer our services to its existing customers, and look forward to welcoming staff and fleet to the CitySprint team.”
Post Haste chairman Richard Howard, added: “This deal has been a huge success; not least because of CitySprint’s professional attitude. The deal, from beginning to end, has run smoothly with all of our fears unfounded and laid to rest by CitySprint’s approach. CitySprint is a professionally managed, well-oiled machine that has worked hard to ensure that staff and customers alike have had a positive experience throughout the transition period. I would recommend that anyone considering exiting the industry to have no hesitation or fears in talking to CitySprint; their discretion can be totally relied upon.”