Project Description
SNAPSHOT
Type of Investment: | Corporate Carveout |
Industry: | Logistics |
Initial Investment: | September 2021 |
Fund: | Allegro Fund III |
Investment Status: | Current |
Website: | teamglobalexp.com |
Contact: | Adrian Loader Jeremy Trouncer Fay Bou |
BUSINESS OVERVIEW
Team Global Express is a multi-modal transport business with an unparalleled network across Australia and New Zealand.
Team Global Express (formerly known as Toll Global Express) is a multi-modal transport business with an unparalleled network across Australia and New Zealand.
The Group provides express parcel, freight delivery and domestic forwarding services in Australia, and transport and contract logistics services in New Zealand. Global Express serves over 36,000 customers and employs more than 8,000 people.
In September 2021, Allegro acquired the business from Japan Post and have secured the services of Christine Holgate as Group CEO to lead the transformation of the business. Allegro Co-Founder, Adrian Loader (Chair) and Investment Director, Jeremy Trouncer serve as Directors on the Group’s board.
Team Global Express was the sixth investment in Allegro Fund III.