Apollo (APO) to Acquire Evri

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Go back to Apollo (APO) to Acquire Evri

Apollo Funds to Acquire Evri, a Leading UK Parcel Delivery Company, from Advent International

July 25, 2024 8:37 AM EDT

NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds (the Apollo Funds) have entered into a definitive agreement with Advent International to acquire Evri, one of the UKs largest parcel delivery companies.

Since relaunching as Evri in 2022, the company has grown to become a key leader in parcel delivery, with a strong national network purpose-built for third-party e-commerce parcels and a differentiated last-mile delivery model. Today, Evri reaches nearly every household in the UK and, on average, serves more than 12 million customers per week.

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