Arbuthnot Commercial ABL backs Emerge Global’s growth strategy with Speed Welshpool transaction
Arbuthnot Commercial Asset Based Lending (ACABL) has completed a £2.25m facility to support Emerge Global’s investment in Speed Welshpool, as well as providing additional working capital to fuel further expansion and development.
This comprehensive facility, comprising receivables financing and term loans, contributes significantly to Emerge Global’s facilities, now totalling £6.65m. As the senior lending partner, ACABL played a substantial role in previous transactions, namely Berser International Cargo Services in 2021 and Seaspace in 2022.
With a heritage dating back to 1979, Speed Welshpool is a specialised family-owned palletised freight and general haulage business. It is a key component of Emerge Global's strategic plan to establish a leading third-party logistics (3PL) group. This group encompasses international freight forwarding, sea and road logistics, warehousing storage, fulfilment, and transport distribution.
Mark Bigley, Director of Emerge Global, who led the transaction, said:
“Speed Welshpool is an ideal fit geographically, in terms of its asset base, and the knowledge and intellect of its people. With Arbuthnot’s support, we executed the transaction earlier than anticipated, benefiting from their agility. We have developed a strong, deep, and positive relationship and consider them an extension of our team. We've already initiated broader strategic discussions with Arbuthnot regarding our goals for the next 12 to 18 months, with progress already underway for our next investment.
Arbuthnot's technical infrastructure is also very good. Unlike other systems that can be clunky and laborious, their automated processes allow us to focus on running the business, with the facilities smoothly operating in the background, making everything much easier.”
Andrew Rutherford, Commercial Director at Arbuthnot Commercial Asset Based Lending Limited, said:
“Speed Welshpool represents our third transaction with Emerge Global, highlighting our commitment to helping our clients realise their growth ambitions through buy-and-build strategies. The cornerstone of our approach is early engagement with our clients, enabling us to understand their objectives and structure the flexibility required for the management team to execute their strategic plans, while maintaining a clear line of sight on future opportunities.”
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