H.I.G. Capital has completed its acquisition of Torque Holdings, a UK provider of omnichannel fulfillment and supply chain services.
The acquisition was completed in partnership with Torque’s management team, which will continue leading the company.
Torque provides outsourced fulfillment and supply chain services to premium and high-growth consumer brands.
Its services include warehousing and fulfillment, inventory management, returns management, value-added services and international freight forwarding.
The company’s customers operate across e-commerce, retail and wholesale channels.
Torque maintains a network of fulfillment facilities across the UK and has developed long-term relationships with customers that have complex supply-chain requirements.
With H.I.G.’s backing, Torque plans to expand its service offering, add capacity and build additional international fulfillment capabilities.
Growth is expected to come through both organic initiatives and strategic acquisitions, along with continued investment in warehouse technology.
H.I.G. manages approximately $75 billion of capital and focuses on middle-market investments across equity, credit, real estate and infrastructure.
KEY QUOTES:
“We are delighted to welcome H.I.G. as our new investment partner. Over more than three decades, Torque has built its reputation by working closely with customers and providing flexible, high-quality solutions to increasingly complex supply chain requirements. H.I.G. shares our ambition for the business and brings significant experience helping companies to grow, both in the UK and internationally. We look forward to working together to invest in our people and capabilities, broaden our service offering, and continue delivering the highest standards of service our customers expect from Torque.”
Stewart Firth, CEO of Torque
“Torque has established a leading position in the UK fulfilment market, supported by long-standing customer relationships, a differentiated service proposition, and a solid track record of growth. Torque is a strong fit with H.I.G.’s strategy of partnering with high-quality businesses, where we can use our operational resources, international network, and M&A capabilities to support the next phase of growth. We are excited to be working with Stewart and the team and we look forward to supporting Torque’s customers as they grow.”
Adam Taylor, Managing Director at H.I.G. Capital
