- PEP completes acquisition of FMH Group, accelerating its growth trajectory
- Technology, business development and acquisitions, the focus of growth
- Former TOLL MD, Paul Little AO takes up Chairman role
Melbourne, Friday 28th March 2025 Private equity firm, Pacific Equity Partners (PEP), today announced it has acquired diversified logistics conglomerate, Freight Management Holdings (FMH Group), from Singapore Post Limited (SingPost), after the conditional sale and purchase agreement completed on 27th March 2025.
FMH Group is a diversified logistics holding company with interests across transportation, warehousing, technology and fourth-party logistics. Its market-leading proprietary technology underpins the Group’s ability to deliver smart, efficient supply chain solutions to its customers.
PEP becomes majority shareholder and is joined by two private investors: Damian Degenhardt and Paul Little AO.
Damian Degenhardt founded the Group’s 4PL, efm Logistics, in 2000 and built the company into one of the largest 4PLs in the Australia-New Zealand region. He remained on the Board as Executive Chairman until 2021 when the Group was acquired by SingPost.
Paul Little AO is former Managing Director of Toll Holdings, where he oversaw the Toll Group’s rise to become Asia’s pre-eminent provider of logistics services. Under his leadership, Toll made more than 100 acquisitions, which saw global revenue reach $16 billion. We are delighted to announce that Mr Little will Chair the Board.
Paul Little AO said: “As incoming Chairman, I bring the insights and experience gained from leading a logistics business through a period of extraordinary growth. FMH Group’s rapid ascent is a testament to their vision, strategic investment in technology and relentless pursuit of excellence. While I draw on past success, my focus going forward is on supporting FMH Group to continue to lead in a rapidly evolving landscape.”
Simon Slagter, remains in his longstanding role of Chief Executive Officer (CEO), driving the growth strategy of the Group and overseeing the portfolio of companies.
Simon Slagter, CEO of FMH Group said: “We have built a business defined by innovation and the pursuit of excellence, earning the trust of our customers and partners. Now, with the backing of PEP and our other investors, we are poised for our next phase of growth. Their support will enable us to deepen our investment in proprietary technology, expand our business development function and pursue strategic acquisitions, while we remain committed to unlocking even greater value for our customers and continuing to deliver an outstanding customer experience.”
PEP Managing Director, David Brown said: “We are delighted to officially welcome FMH Group to our portfolio. With 27 years of experience supporting Australian businesses to reach their full potential, we’re excited to partner with FMH Group in their next phase. Their ability to scale at pace while maintaining a strong customer focus is a testament to their leadership and team culture. We look forward to working together to unlock new opportunities to build on their impressive momentum.”
For the full details, please refer to the Singapore Exchange (SGX) announcement dated 27 March 2025.
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About FMH Group
FMH Group is a diversified logistics holding company with divisions across 4PL, warehousing, transportation and technology. Its vision is to create a new logistics ecosystem, where people and physical assets are connected through a ubiquitous technology platform, enabling true supply chain efficiency. FMH Group comprises: Australia’s leading 4PL, efm Logistics; logistics technology company, Flip; transportation providers, Border Express, BagTrans, Spectrum Logistics, CouriersPlease and Logistics Holdings Australia, under which is GKR Transport, Niche Logistics and Formby Logistics. www.fmhgroup.com.au
About Pacific Equity Partners (PEP)
PEP is one of Australasia’s oldest, largest and most active private equity firms, currently with A$14 billion AUM across various investment strategies. Since 1998, PEP has made more than 200 acquisitions, has engaged close to A$50 billion of transactions, including both acquisitions and exits, and has delivered a 28% average Net IRR p.a. across the closed end funds. PEP has been the recipient of various industry awards over the past 27 years, including most recently the 2024 Firm of the Year Award from the Australian Investment Council (AIC).
www.pep.com.au
About Paul Little AO
Paul Little AO is an Australian businessman and philanthropist. From 1986 to 2011, Paul was the Managing Director of Toll Holdings and oversaw Toll Group’s rise from a small Newcastle based transport company to an international organisation with $16 billion in global revenue, 45,000 employees and operations in 50 countries. Paul has received a Doctor of Business honoris causa from RMIT University. He has been awarded an Officer of the Order of Australia for service to the development of the transport and logistics industries, and for service to the community through philanthropic support of sporting and medical research organisations. Paul is a Fellow of the Australian Institute of Company Directors and the Chartered Institute of Logistics and Transport. He was also a Director of Property Exchange Australia (PEXA), Chairman of Visit Victoria, Australian Grand Prix Corporation and the Essendon Football Club.
For media enquiries:
FMH Group
Julia Loughlin | Echomakers | 0422 281 915
julia@echomakers.com.au
For PEP
Geoff Elliott | GRA Cosway 0488 051 888
gelliott@gracosway.com.au
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