Private equity venture to help BagTrans fund growth plans

BagTrans plans to use its private equity backing to fund growth plans and build its IT capacity

By Rob McKay | July 7, 2010

Palletised freight transporter BagTrans plans to use its private equity backing to fund growth plans and build its IT capacity, Chief Executive Habib Francis says.

The pledge comes a day after it emerged that boutique finance house Yarra Capital Partners had invested in the company.

"This great opportunity has arisen as part of a broader plan to capitalise BagTrans in readiness for further growth and to enable the business to continue to develop the technology that sets us apart from our competitors," Francis tells ATN.

Francis revealed he, BagTrans National Operations Manager Steven Gialouris and YCP have taken a controlling interest. The value of the deal remains undisclosed.

YCP founding directors Huy Truong and Alan Schwartz will join the board of the privately owned operator.

The private equity firm says it is attracted to BagTrans due to the growth of the logistics market.

BagTrans runs a fleet of B-doubles, semi-trailers and rigid trucks.

The company has bases in NSW, Victoria and Queensland, while relying on Namron Transport for services in South Australia.

It uses rail for Western Australian deliveries, with Trinne Warehousing & Distribution taking Sydney freight and Sadliers Transport looking after Melbourne goods.

Allalong Tasmania Searoads provides distribution in that state.

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