H.I.G. Capital Completes Acquisition of UK Logistics Firm Torque
Investment firm H.I.G. Capital has acquired Torque Holdings Limited, a UK-based provider of e-commerce and retail logistics services. The transaction aims to support Torque's expansion and international growth.
H.I.G. Capital announced the completion of its acquisition of Torque Holdings Limited, a UK provider of outsourced fulfilment and supply chain services. The transaction was conducted in partnership with Torque's management team, who will continue to lead the company.
Torque serves premium and high-growth consumer brands with services including warehousing, inventory and returns management, and international shipping. The company operates a network of fulfilment locations across the UK. H.I.G. plans to leverage its resources to support Torque's growth by expanding its service offerings, increasing capacity, and developing international fulfilment capabilities.
Stewart Firth, CEO of Torque, stated, "H.I.G. shares our ambition for the business and brings significant experience to help companies grow." Torque intends to invest in its people and capabilities to enhance its service delivery.
Adam Taylor, Managing Director at H.I.G. Capital, highlighted Torque's established market position and customer relationships. He noted that the acquisition aligns with H.I.G.'s strategy of supporting strong companies through operational expertise and its global network.