AIM Logistics

We’re pleased to have acted as lead Corporate Finance adviser to the shareholders of AIM Logistics Limited (AIM), one of the UK’s leading providers of cold chain logistics services, on its sale to UK based Fowler Welch, a subsidiary of the Culina Group.

AIM Logistics, established in 2004 and based in Evesham, specialises in chilled distribution of fresh produce for a range of national producers, consolidating and delivering to national retailers, wholesalers and foodservice businesses.

Fowler Welch is a leading player in the cold chain logistics space in the UK, with seven national depots strategically located around the country. The acquisition of AIM represents a good strategic fit with the rest of the Fowler Welch network and establishes a geographical presence in another key produce growing region that will enable the combined business to benefit from significant synergies.

Our Corporate Finance team, led by Director Tom Coombes managed interactions with all the potential acquirers, negotiated terms and steered the process through to successful completion. Fowler Welch emerged as the best strategic acquirer for the business and provided a home for the AIM business to thrive.

Tom Coombes, Director at FRP Corporate Finance, said: “It was a pleasure leading the team to deliver such a positive result for the shareholders. Ismail and Ahmed, along with their parents before them, have successfully built a fantastic business based in Evesham and this transaction delivers the rewards they deserve for continued years of hard work. Fowler Welch was the standout acquirer for the business, and this will allow AIM to continue to grow from strength to strength under its stewardship.”

Ismail Elmagdoub, Managing Director of AIM, said: “We appointed the team to manage the sale process, allowing both myself and Ahmed to concentrate on delivering record results for the business. Tom effectively managed the entire process, provided us with detailed support throughout the process, whilst maintaining the highest level of confidentiality. We were extremely happy with his conduct throughout and would like to thank him for such a fine job.”