Clearwater International advises Pallet-Track on securing investment from TPA Capital
Clearwater International has advised Pallet-Track, a leading provider of services to the palletised freight sector, on securing investment from private equity investor TPA Capital.
TPA’s investment comes at a time when demand for flexible, palletised logistics solutions continues to grow. Pallet networks are becoming increasingly integral in ensuring regional hauliers have the infrastructure to service their customers across the UK. Pallet-Track’s highly efficient sortation hubs, together with its market leading technology platform, enables members to deliver a dependable and high-quality service offering.
Pallet-Track comprises almost 90 haulier members who leverage the network to provide nationwide coverage to their customers. The business processes around 3.5 million pallets a year through its main hub. Pallet-Track was recently listed as one of the UK’s fastest growing companies in the Sunday Times, Fast Track 100, for the second year running. This further highlights the consistent and impressive growth achieved by the business and its members to date.
This is the second time in recent years that Clearwater International has led a deal in the pallet network sector. In 2016, it advised on the MBO of TPN, supported by existing funders LDC, HSBC and Infinity Debt Capital Management.