H.I.G. Capital Acquired DX Group

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Based in Slough, DX is a provider of a range of specialist delivery services to both business and residential addresses across the United Kingdom and Ireland.The Company is engaged in the provision of last mile delivery solutions, including parcel, freight, secure, courier, and logistics services.

Tobias Borkowski, Managing Director on the H.I.G. Europe Private Equity team, commented: “We have been impressed with DX’s growth trajectory underpinned by the supportive market trends, as well as the Company’s commitment to high customer service levels. We believe H.I.G. is the ideal partner to support the management team in the next phase of its growth.”

Markus Noe-Nordberg, Managing Director and Head of the H.I.G. Europe Middle Market Private Equity team, said: “We are delighted to have the opportunity to invest in DX. H.I.G. has had great success investing in logistics businesses, and we will use this experience to help the management team accelerate the expansion of the Company.”

Paul Ibbetson, CEO of DX, added: “It is with great pride and enthusiasm that the entire management team, and I welcome H.I.G. as our new partner. I am very excited to work with the team at H.I.G. to capitalise on the enormous potential we have within the UK and Ireland. We are well positioned to continue pushing forward with our plans for growth and to further capitalize on our leading position in the IDW segment, with additional significant opportunities in our 2-Man, Logistics and Express Parcels divisions.”

About DX

DX is a well-established provider of a wide range of delivery services to both business and residential addresses across the UK and Ireland. First established in 1975 as a Document Exchange service to the legal sector, DX provides a wide range of overnight delivery services as well as logistics services.

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About H.I.G. Capital

Leading international private investment business H.I.G. Capital is now managing $60 billion in equity capital.* The funds in H.I.G.'s family consist of debt/credit, real estate, growth equity, and private equity. Since its founding more than 20 years ago, H.I.G. Capital has invested in and controlled over 400 organizations worldwide.

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