‘The Alternative Parcel Company’ APC, the UK’s largest independent parcel delivery network – has last week announced a transition to new ownership, formed of WS Holdco Limited, DBAY Advisors Limited and investors, now hold the majority stake in The Alternative Parcels Company (The APC).

The APC was uniquely independent from its formation by a wide variety f local and regional courier companies. The existing legacy and depot shareholders along with management will retain a stake in the business.

The APC importantly wanted a partner that will make a long-term investment in the business and recognise the past successes and future potential of the network. William Stobart, CEO of WS Holdco Limited, said: “We are looking forward to working closely with The APC's management team and network members to bring the passion of their entrepreneurial businesses together to strengthen our service proposition, continuing to support and accelerate the growth of our customers.”

Andy Evans, Chairman at The APC, said: “William and the new ownership structure align strongly with the values of The APC and will play a pivotal role in our mission to support sustained growth of both the business and our network.”

Eversheds Sutherland were appointed as legal advisors and PwC as corporate finance and tax advisors during the transition to new ownership.

Patrick Gallagher comments on the APC deal

‘Congratulations all the APC Network Franchisees and Management’

Patrick Gallager comments, A good home for this specialised UK delivery network or as they aptly say the 'Alternative Parcels Company'. For those who know, it is a much relied upon UK Overnight network within the industry and I am delighted that they have secured a long term investor. A recent return to profit this year for Stobart and now this shrewd acquisition to support their continued e-commerce sector expansion. I would also like to congratulate all the APC Network Franchisees and Management.’