CitySprint buys and builds with two bolt-ons

Transportation company CitySprint, which is backed by mid-market private equity firm Dunedin, has made two bolt-on acquisitions with the purchase of the UK courier operations of both Lewis Day and Medical Services.


Transportation company CitySprint, which is backed by mid-market private equity firm Dunedin, has made two bolt-on acquisitions with the purchase of the UK courier operations of both Lewis Day and Medical Services.

Transportation company CitySprint, which is backed by mid-market private equity firm Dunedin, has made two bolt-on acquisitions with the purchase of the UK courier operations of both Lewis Day and Medical Services.

The purchases are the fourth and fifth acquisitions for CitySprint since Dunedin took a stake in ‘same-day’ distribution network in December last year. The acquisitions, which are part of a buy and build strategy, will create the UK’s largest ‘same-day’ healthcare courier network and supports the company’s plan to focus on the key healthcare market, according to a statement from Dunedin. The amounts have not been disclosed. 

Nicol Fraser, director at Dunedin who sits on CitySprint’s board, comments, ‘This acquisition is evidence of our shared goal with CitySprint’s management to drive continued growth across the business – both for document delivery and for specialist delivery services in high growth segments such as healthcare.

Fraser adds that having acquired five businesses in the past year alone, CitySprint is ‘on track’ to deliver £100 million of revenues in next year.

Patrick Gallagher, chief executive of CitySprint adds, ‘Today’s acquisitions are a major milestone in our strategy of adding further scale and reach to our national business and expand our specialist capabilities for SameDay delivery. We will quickly integrate the new fleets into our existing operations and will deploy our market leading technology to enhance the service we provide for our clients.’

Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

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