In February 2016 LDC backed the secondary buyout of CitySprint.
The investment will enable the business to accelerate the development of its innovative final mile delivery offering through its accelerator division, LastMileLink Technologies as well as continuing to grow scale with acquisitions. It will also back the ongoing roll-out of its “On the dot” retail and consumer brand, a one-hour delivery window service.
In 2016 CitySprint were ranked 186th in the Sunday Times Grant Thornton Top Track 250 league table. The league table is a ranking of Britain's private mid-market growth companies with the biggest sales.
Since the original transaction, the business has already completed eight acquisitions including The Courier Co-operative in Birmingham and ASAP International and Peps Couriers, both located in London.
LDC has an impressive track record in supporting the growth ambitions of some of the UK's most dynamic and exciting businesses. After a period of substantial growth for the Company, LDC's arrival as a key strategic investor comes at a pivotal time as we look towards our next period of expansion and development.Patrick Gallagher, CEO, CitySprint