Everwood Capital’s Transport & Logistics Fund announces the acquisition of 100% of Transportes Cruz, a Navarra based company with a 50-year track record specializing in domestic and international temperature-controlled transport.
Headquartered in Orcoyen (Navarra), Transportes Cruz has 260 employees and 460 vehicles, including tractor units and refrigerated trailers. It has logistics facilities in Orcoyen (Pamplona), Noblejas (Toledo), Calasparra (Murcia) and Albatera (Alicante).
The company specializes in domestic and international cold-chain transport and serves major clients in the agri-food sector, mass retail, and the pharmaceutical industry, operating routes to markets such as France, the United Kingdom, Germany, and the Benelux.
Its business model is built on a “premium” service, a next-generation fleet, and the most demanding quality, food-safety and pharma-safety standards.
Everwood Capital will help drive the company’s growth and transformation and will retain its management team led by current CEO, Pablo Andueza.
This transaction is part of Everwood Capital’s strategic plan to build a vertical specialized in international cold-chain transport and logistics, a strategic sector experiencing strong growth driven by rising demand for temperature-controlled transport and distribution in areas such as food, fruit and vegetable products, and medicines.
In the words of Juan José Andrés, Partner at Everwood Capital: “Our commitment to the international cold chain is tied to a strong focus on innovation, sustainability and professionalization. The acquisition of Transportes Cruz reinforces our vision to consolidate a fragmented sector with significant growth potential.”
According to Pablo Andueza, “Everwood’s entry will allow us to face the major challenges the sector is tackling, advance our digital transformation, align with the highest ESG standards and strengthen our market position, reinforcing our leadership in temperature-controlled domestic and international transport, with the clear goal of continuing to deliver excellent service to our customers.”
Everwood Capital’s Transport & Logistics Fund has a solid portfolio that includes companies such as Partida Logistics and AGSA within the customs management vertical; Transaez, Arimon Logistics and TransDusan in domestic cold-chain logistics; Maresa Logística in freight forwarding; and A Tu Hora Express in value-added last mile.
Everwood Capitalis a fund management firm founded in 2015 by Alfredo Fernández Agras and José Antonio Urquizu Echeverría. Two years ago they launched this new Fund to invest in transport and logistics, led by partners Juan José Andrés Alvez and Francisco Diego Solís, seasoned professionals with extensive experience managing logistics groups and multinationals.
The Transportation and Logistics Fund concluded its fundraising period on August 10, reaching a final size of €102,080,081.
Transportes Cruz is a company founded in 1975 with deep specialization in domestic and international cold-chain transport. The company is headquartered in Orcoyen (Navarre). It has revenues of €40 million, a fleet of 460 vehicles and 260 employees. It operates logistics facilities in Orcoyen (Navarre), Noblejas (Toledo), Calasparra (Murcia) and Albatera (Alicante), with more than 10,000 m² of space that also includes its own maintenance workshops and diesel pumps. Its clients are primarily companies in the agri-food sector, mass retail, and the pharmaceutical industry.
Everwood Capital is an alternative investment fund manager regulated by the CNMV (Spanish Securities Market Commission) founded in 2015. It manages several investment vehicles with strong specialization in renewable energy and Transport & Logistics (T&L). The company has a solid team committed to every project it takes on, with an exceptional track record in senior roles across alternative investment management teams and large multinationals. Its professionals have executed transactions worth over €100 billion across various sectors and investment areas. It currently has approximately €900 million in assets under management.
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