UK-based private and merchant bank Arbuthnot Commercial ABL (ACABL) has provided a £2m ($2.5m) facility to Emerge Global, bolstering the latter’s investment in BritAm Shipping.
This strategic financial support raises Emerge Global’s facility limits to £8.25m, enhancing their working capital platform.
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ACABL has facilitated five strategic investments since backing Emerge Global’s first investment in September 2021.
These investments have led to an eight-fold increase in turnover, ACABL said.
Arbuthnot Commercial ABL commercial director Andrew Rutherford said: “It’s a testament to our relationship with Emerge management team that our relationship continues to go from strength to strength. It all comes down to trust and mutual support, which is the way we always like to do business.”
BritAm Shipping, an Essex-based logistics provider established in 2010, has been identified by Emerge Global as a valuable addition to its portfolio, offering a synergy of traditional haulage and international freight forwarding.
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By GlobalDataThe company began by providing refrigerated services from Latin America and managing containerised food imports from the US.
It has since expanded its services to include imports from the Far East and India, as well as export and breakbulk/project services to Latin America.
By 2020, BritAm had launched global export and import airfreight services.
The investment is expected to provide Emerge with new sales channels and access to additional trade routes, complementing its existing operations.
Emerge Global director Mark Bigley said: “Our close working relationship with the Arbuthnot team was first formed in 2021 when we made a strategic decision to invest in Berser International Cargo Services.
“Very early on, we sat down together and mapped out our strategy for them, and now, five years later – Britam marks the fifth investment the Arbuthnot team has supported us with.
“BritAm is an important new chapter for Emerge. The business fits perfectly across international freight, warehousing, and road distribution, delivering an exciting additional growth engine for the group.”
