UK independent parcel delivery company The Alternative Parcels Company (The APC) has announced its transition to new ownership by WS Holdco Limited, DBAY Advisors Limited and investors.
According to the APC, it was looking for a partner that will make a long-term investment in the business and recognize the past successes and future potential of the network. The existing legacy and depot shareholders, along with management, will retain a stake in the business.
William Stobart, CEO of WS Holdco, said, “We are looking forward to working closely with The APC’s management team and network members to bring the passion of their entrepreneurial businesses together to strengthen our service proposition, continuing to support and accelerate the growth of our customers.”
Andy Evans, chairman at The APC, added, “William and the new ownership structure align strongly with the values of The APC and will play a pivotal role in our mission to support sustained growth of both the business and our network.”