PEP acquires SingPost’s FMH Group, unlocking new growth opportunities

With the successful completion of FMH Group’s acquisition by Pacific Equity Partners (PEP); Border Express is thrilled to embark on an exciting new phase of growth. Since joining FMH Group last year, we’ve made significant strides, and in late 2024, our CEO David Charlesworth of Border Express expanded his leadership role to also include CEO of BagTrans and Spectrum. These businesses, operating in closely related markets with complementary business models, enhance our collective expertise and open fresh opportunities for collaboration. As BagTrans and Spectrum transition out from under the Logistics Holdings Australia umbrella, we are more aligned than ever with FMH Group and look forward to working together to drive value and continue delivering outstanding service to our customers. 

This momentum sets the stage for further innovation, scalability, and growth as we continue to strengthen the value we provide to both our customers and employees. 

PEP is one of Australia’s oldest, largest, and most active private equity firms, currently with A$14 billion AUM across various investment strategies and has been the recipient of various industry awards over the past 27 years, including most recently the 2024 Firm of the Year Award from the Australian Investment Council (AIC). www.pep.com.au

FMH Group is a diversified logistics holding company with divisions across 4PL, warehousing, transportation, and technology. Its vision is to create a new logistics ecosystem, where people and physical assets are connected through a ubiquitous technology platform, enabling true supply chain efficiency. www.fmhgroup.com.au

David Charlesworth, CEO of Border Express, BagTrans and Spectrum, commented, “Being part of FMH Group over the past year has provided us with valuable opportunities to grow within a dynamic ecosystem that fosters innovation and scalability. We’ve already made considerable progress, enhancing our capabilities, and achieving strong results for both Border Express and the Group. Now, with PEP’s ownership, we have the resources and investment to accelerate our growth. This next phase is focused on building upon the solid foundation we’ve established, improving our services, advancing innovation, and reinforcing our leadership in the industry.”

We sincerely appreciate the continued commitment and would like to thank our team, customers, and partners for their ongoing support – we look forward to continuing working together to drive even greater impact in the industry.

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