H.I.G. Capital Expands Service Portfolio with DX Group Acquisition

In a strategic move to enhance its service portfolio, H.I.G. Capital has successfully acquired DX Group, a leading provider of diverse delivery services in the UK and Ireland.

This acquisition underscores H.I.G. Capital’s commitment to expanding its offerings and strengthening its position in the delivery services sector.

DX Group Overview: Comprehensive Delivery Services

Under the leadership of CEO Paul Ibbetson, DX Group has established itself as a prominent provider of a wide array of delivery services catering to both business and residential addresses across the UK and Ireland.

These services include parcel, freight, secure, courier, and logistics solutions.

The company’s roots trace back to 1975 when it was initially founded as a Document Exchange service, primarily serving the legal sector.

Over the years, it has evolved to offer overnight delivery services and diversified logistics solutions.

Two Distinct Divisions: DX Freight and DX Express

DX Group operates through two distinct divisions, each specializing in specific facets of the delivery services landscape:

1. DX Freight: This division encompasses DX 1-Man and 2-Man/Logistics, uniquely positioned as one of the few operators providing overnight delivery services for irregular dimension and weight freight (“IDW”).
2. DX Express: This division comprises DX Parcels and DX Exchange and Mail. It focuses on the time-sensitive delivery of parcels and documents, catering to the evolving needs of a dynamic market.

DX Group’s Historical Journey: From Document Exchange to Comprehensive Logistics

Founded in 1975, DX Group initially emerged as a Document Exchange service dedicated to serving the legal sector.

Over the years, the company expanded its service offerings, evolving into a comprehensive logistics provider with a significant presence in the UK and Ireland.

The acquisition by H.I.G. Capital marks the next chapter in DX Group’s journey, providing new opportunities for growth and development.

Former Listing and Future Prospects: Transitioning from AIM Market

DX Group, previously listed on the London Stock Exchange’s AIM market, now enters a new phase as part of H.I.G. Capital’s portfolio.

This transition positions DX Group to leverage the financial strength and strategic support offered by H.I.G. Capital, paving the way for future expansion and innovation.

Conclusion: Aligning for Success in the Delivery Services Sector

The acquisition of DX Group by H.I.G. Capital signifies a strategic alignment that aims to capitalize on the evolving demands of the delivery services sector.

With a comprehensive range of services and a rich history, DX Group, under the wing of H.I.G. Capital, is poised for continued success and growth in the dynamic and competitive landscape of logistics and delivery solutions.