Arbuthnot Commercial Asset Based Lending (ACABL) has finalised a £2.25 million facility to bolster Emerge Global’s investment in Speed Welshpool, according to a press release.
This funding also includes additional working capital, aiming to propel further expansion and development for the freight and haulage business.
Go deeper with GlobalData
The facility, incorporating receivables financing and term loans, significantly augments Emerge Global’s total facilities, now amounting to £6.65 million.
ACABL, as the senior lending partner, has previously played a substantial role in other transactions, notably with Berser International Cargo Services in 2021 and Seaspace in 2022.
Founded in 1979, Speed Welshpool is a specialised, family-owned entity focusing on palletised freight and general haulage. It plays a pivotal role in Emerge Global’s strategic plan to establish itself as a leading third-party logistics (3PL) group. This broader group encompasses international freight forwarding, sea and road logistics, warehousing storage, fulfilment, and transport distribution.
Mark Bigley, Director of Emerge Global, who spearheaded the transaction, said: “Speed Welshpool is an ideal fit geographically, in terms of its asset base, and the knowledge and intellect of its people. With Arbuthnot’s support, we executed the transaction earlier than anticipated, benefiting from their agility.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataHe continued, “We’ve already initiated broader strategic discussions with Arbuthnot regarding our goals for the next 12 to 18 months, with progress already underway for our next investment.”
Mark Bigley also praised Arbuthnot’s technical infrastructure, noting its efficiency, saying, “Unlike other systems that can be clunky and laborious, their automated processes allow us to focus on running the business, with the facilities smoothly operating in the background, making everything much easier.”
Andrew Rutherford, Commercial Director at Arbuthnot Commercial Asset Based Lending, said: “Speed Welshpool represents our third transaction with Emerge Global, highlighting our commitment to helping our clients realize their growth ambitions through buy-and-build strategies.”
Rutherford added: “The cornerstone of our approach is early engagement with our clients, enabling us to understand their objectives and structure the flexibility required for the management team to execute their strategic plans while maintaining a clear line of sight on future opportunities.”
SMEs brace for slower pay rise in 2024: CIPD
