AFS Logistics – sale to The Growth Fund
Miles Advisory Partners acted as an advisor to the shareholders of AFS Logistics
Transaction Details
Sector
Industrial
Miles Role
Sell-side advisor to the shareholders of AFS Logistics
Deal Type
Business Divestments
Year Completed
2021
Contacts for this Transaction
Rohan Manikath
Managing Director
David Leung
Vice President
Overview
- AFS Logistics is a tech-enabled logistics provider founded 25 years ago by Tony Bates. Its proprietary AFS Moveit Technology directs, connects, tracks and reports on freight movements at every point in the supply chain, complemented by services including carrier management and selection
- The Business attracted interest from a number of growth-focused private equity and trade groups, with The Growth Fund ultimately agreeing to acquire a 60 per cent controlling stake in a transaction designed to accelerate AFS Logistics' growth and support succession planning
Industry Context
The transaction reflects strong investor appetite for tech-enabled Australian logistics platforms, with both private equity and strategic acquirers increasingly drawn to the sector. Singapore Post's late-2020 investment in 4PL technology platform owner Freight Management Holdings is a further example of this demand
