Knights’ Corporate team has advised BGF on its latest investment - supporting the management team of Speedy Freight in their acquisition of the business. As part of the brand’s development plans over the coming years, the investment from BGF will also help to fund new training and development opportunities for drivers and franchisees in every area of the UK.

The Knutsford-based courier company (formerly part of Eddie Stobart Logistics) has experienced record growth in recent years and in the last year alone grew by 39% due to the increased demand for logistics support caused by COVID-19.

BGF is the UK’s most active growth capital investor and has invested in over 400 companies since its launch in 2011. This investment marks the latest deal in BGF and Knights’ long standing relationship and follows on from recent deals such as £4.25m investment in Woodall Group, ROI’s further £4m investment and the £4m investment in DriveWorks.

Matt Widdall, Investor at BGF, commented: “Speedy Freight has a created a clear point of difference in the market through its unparalleled high-service levels, responsiveness and national network capability. Supply chains are becoming increasingly complex, but Speedy Freight simplifies this with efficient courier services, supported by investment in technology, that give its customers a competitive advantage. The business is ideally placed to expand its market share and support its fast-growing customers' meet market demand."

David Easdown, Partner at Knights, added: “We’re delighted to support BGF on another investment in a fast-growing business based in the North-West. The new partnership between Mike, his team and BGF will provide a fantastic platform to support the continued growth of Speedy Freight and we wish them all the best.