Iconic Australian road transport group strengthens local presence of German logistics giant
Deal Flash
Glen Cameron Group has been sold to DHL Supply Chain Australia.
The Australian logistics industry has experienced significant growth over the past 12 to 18 months as businesses and industries look to shore up supply chains and counter the enduring impacts of COVID-19. This growth has allowed companies like Glen Cameron Group and DHL to provide increased support to customers and drive cross-sell across all service lines.
It has been a team effort, and the Cameron team has benefited from some wonderful partners who have represented us in a most professional manner. We could never have imagined how difficult selling a business could be, and could not have got there without the support of our internal and external teams. Thank you to the Oaklins team for your assistance and advice over the years. You have been sensational.GLEN CAMERON, OWNER AND FOUNDER, GLEN CAMERON GROUP, AUSTRALIA
Oaklins assists in finding the right partner
Oaklins’ team in Australia has had a long-standing relationship with the owners of Glen Cameron Group. The engagement with Oaklins started as a strategic review for the owners, to consider all options for the business. This led to a review of growth opportunities, sourcing potential buyers and finding a path to liquidity by identifying DHL as the right partner for Glen Cameron Group.
Read more about the transaction, market trends, deal drivers and M&A valuation aspects
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