Private equity firm, Pacific Equity Partners (PEP), has announced that it has acquired diversified logistics conglomerate, Freight Management Holdings (FMH Group), from Singapore Post Limited (SingPost).
The acquisition, which comes after the conditional sale and purchase agreement was completed on 27 March 2025, will accelerate PEP’s growth in the technology, business development and acquisitions sectors.
FMH Group is a diversified logistics holding company with interests across transportation, warehousing, technology and fourth-party logistics, supported by its market-leading proprietary technology.
PEP becomes majority shareholder and is joined by two private investors, Damian Degenhardt and Paul Little AO, with the latter appointed as Chair of the FMH Group Board.
Degenhardt founded the Group’s 4PL, efm Logistics, in 2000 and built it into one of the largest 4PLs in the Australia-New Zealand region. He remained on the Board as Executive Chairman until 2021 when the Group was acquired by SingPost.
Little is a former Managing Director of Toll Holdings, where he oversaw the Toll Group’s rise to become Asia’s pre-eminent provider of logistics services. Under his leadership, Toll made more than 100 acquisitions, which saw global revenue reach $16 billion.
“As incoming Chairman, I bring the insights and experience gained from leading a logistics business through a period of extraordinary growth,” said Little.
“FMH Group’s rapid ascent is a testament to their vision, strategic investment in technology and relentless pursuit of excellence. While I draw on past success, my focus going forward is on supporting FMH Group to continue to lead in a rapidly evolving landscape.”
Simon Slagter, who remains in his longstanding role of CEO, said: “We have built a business defined by innovation and the pursuit of excellence, earning the trust of our customers and partners.”
“Now, with the backing of PEP and our other investors, we are poised for our next phase of growth.
“Their support will enable us to deepen our investment in proprietary technology, expand our business development function and pursue strategic acquisitions, while we remain committed to unlocking even greater value for our customers and continuing to deliver an outstanding customer experience.”
PEP Managing Director, David Brown said: “We are delighted to officially welcome FMH Group to our portfolio. With 27 years of experience supporting Australian businesses to reach their full potential, we’re excited to partner with FMH Group in their next phase.”
“Their ability to scale at pace while maintaining a strong customer focus is a testament to their leadership and team culture. We look forward to working together to unlock new opportunities to build on their impressive momentum.”
In other news, SingPost is boosting its e-commerce capabilities.
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