EmergeVest buys CM Downton for £75m
International private equity investor EmergeVest has acquired CM Downton (Haulage Contractors) in a £75m deal. Headquartered in Gloucestershire, Downton generates an annual turnover of c. £120m, operating around 600 tractors and 1,800 trailers and employing roughly 1,350 people. The transaction marks EmergeVest’s seventh acquisition in the UK logistics sector since its formation in 2013; its portfolio includes Adjuno, Allport Cargo Services, NFT Distribution, NR Evans and Palletforce. The Downton family yield their shareholding but will retain their managerial positions following the deal.