Sendle to merge with two US logistics companies
Australian parcel delivery company Sendle will merge with US-based FirstMile and ACI Logistix to form a new California-headquartered business dubbed Fast Group.
The terms of the transaction were not disclosed, but Sendle founder and CEO James Chin Moody described it as “a merger of equals.”
“WWith access to the expanded infrastructure of ACI Logistix and FirstMile, this merger dramatically increases our reach and truly levels up our offering,” he said.
“Small businesses all across the United States can now access enterprise-grade logistics power at a price point that makes sense for them.”
As part of the agreement, Sendle’s investors – Federation Asset Management, Touch Ventures, Rampersand, and King River Capital – will hold shares in Fast Group.
Sendle gained recognition in 2021 during the initial funding rounds, positioning itself as an “affordable and reliable alternative” to Australia Post for small-business deliveries.
Fast Group CEO Keith Somers said the merger aims to combine strengths of the three companies and offer consumers a “complete and powerful” logistics system.
“This strategic merger, backed by Federation Asset Management, will bring added benefits for customers across all segments – SMB, mid-market and enterprise – through improved first mile pick ups, faster and complete national distribution and integrated customer support,” he continued.
“We look to deliver more services, more innovation and more national impact.”
Sendle will continue to operate under its existing brand until further notice, with no immediate changes to its 180-person workforce. Chin Moody will remain based in Sydney to lead the business.
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