The Everwood Capital Transport and Logistics Fund has acquired 100% of Tudefrigo, one of the leading operators in international refrigerated transport with a strong presence in the fresh produce sector. This acquisition marks another milestone in the Fund’s growth strategy and significantly strengthens its positioning in temperature-controlled transport.
The transaction represents a key strategic step in Everwood Capital’s ambition to build one of Europe’s leading platforms in temperature-controlled logistics, supported by strong specialization, operational capacity, and an expanding international footprint across the Iberian Peninsula and Northwest Africa.
As part of the deal, Tudefrigo will be integrated with Transportes Cruz — also portfolio company of the Fund — which recently incorporated Grupo Transmolbo. The combination of these three companies will create a highly specialized logistics platform, offering a differentiated value proposition in cold chain transport and logistics, enhanced operational scale, and a clear ambition for international leadership.
Temperature-controlled transport is experiencing strong growth, driven by rising demand for advanced logistics solutions in essential sectors such as food, fresh produce, and pharmaceuticals. In this context, reliability, traceability, and efficiency are becoming key success factors in an increasingly demanding market with significant growth potential.
Tudefrigo, 30 years of experience in refrigerated transport and logistics
Founded in 1993 by the Tudero family, Tudefrigo is a family-owned company specialized in international temperature-controlled transport. The company operates routes between Northwest Africa — including Morocco, Senegal, and Mauritania — and northern and southern Spain, as well as multiple European destinations including the Netherlands, Belgium, France, the Nordic countries, the United Kingdom, and Eastern Europe.
The company generates close to €90 million in revenue and employs 425 professionals. It operates a fleet of more than 700 vehicles, including 300 tractor units, and manages a logistics network totaling 52,500 square meters. In addition to its headquarters in Lasarte (Guipúzcoa), Tudefrigo operates logistics facilities and warehouses in Tudela (Navarra), Algeciras (Cádiz), El Ejido (Almería), and Tangier (Morocco).
For the founding shareholders, this partnership marks the beginning of an especially exciting new phase for Tudefrigo: “Joining the project driven by Everwood Capital represents an extraordinary opportunity to accelerate our growth, further strengthen our operational and technological capabilities, and face the future with greater ambition. We are confident that this new stage will allow Tudefrigo to continue growing, expand its horizons, and deliver an increasingly robust, innovative, and customer-oriented service.”
Creating a champion in international refrigerated transport
This transaction is aligned with Everwood Capital’s strategy to build a leading reference group in international refrigerated transport across the Iberian Peninsula. With the integration of Tudefrigo, the group formed by Transportes Cruz, Grupo Transmolbo, and Tudefrigo will reach combined revenues of approximately €160 million, employ 775 professionals, and operate a fleet of more than 1,400 vehicles.
The new group will have a strong operational presence across Navarra, Castilla-La Mancha, Murcia, Alicante, Valencia, the Basque Country, Almería, Cádiz, and Morocco, consolidating a specialized logistics platform with the capacity to drive both organic growth and new expansion opportunities along key European corridors.
Juan José Andrés, Partner at Everwood Capital, stated: “The combination of Tudefrigo, Transportes Cruz, and Grupo Transmolbo allows us to build a highly specialized international refrigerated transport operator, with a differentiated value proposition based on complementary services, broad geographic coverage, and strong expertise across different segments of the cold chain. This is an important step in strengthening our position as a logistics reference between the Iberian Peninsula and Europe, with a strategic presence also in North Africa.”
A specialized logistics ecosystem
This transaction represents the fifteenth acquisition of Everwood Capital’s Transport and Logistics Fund, which continues to consolidate a diversified and specialized ecosystem across different areas of the logistics sector. The group includes leading companies such as AGSA-PARTIDA in customs management, MARESA Logística and ALTAIR CL in forwarding, Grupo TRELIX in industrial express transport, A TU HORA EXPRESS in last-mile delivery, and PRONTIA Logística in national refrigerated transport and logistics.
With the incorporation of Tudefrigo, alongside Transportes Cruz and Grupo Transmolbo, the Fund further strengthens its specialized international refrigerated transport platform.
About Everwood Capital
Everwood Capital is an alternative investment fund manager regulated by the Spanish CNMV, founded in 2015 by Alfredo Fernández Agras and José Antonio Urquizu Echeverría, with a strong presence in renewable energy and transport & logistics. The Transport and Logistics Fund is led by Juan José Andrés Alvez and Francisco Diego Solís, professionals with extensive experience in logistics groups and multinational companies. Everwood Capital currently manages over €900 million in assets and its team has executed transactions worth more than €100 billion across various sectors
cloud technology axon
Axon Partners Group, Tresmares Capital, Sabadell Venture Capital, Inve...
