Ontime has completed the acquisition of Vicarli, one of the leading companies specialized in logistics and transportation, with over 45 years of experience and a strong position in key sectors such as energy and recycling.
The transaction was closed through the acquisition from GPF Partners, a private equity firm that supported Vicarli during its growth, consolidation, and international expansion phase. During this period, Vicarli significantly strengthened its operational structure and expanded its presence in strategic markets such as the United States, Mexico, Chile, and Costa Rica.
This deal is part of Ontime’s strategic growth plan, which includes the integration of companies with solid and complementary value propositions. In 2024, Vicarli reported revenues of approximately €50 million, operates 19 logistics warehouses (over 110,000 m²), has a fleet of more than 200 vehicles, and employs over 300 highly qualified professionals.
An integration based on operational and commercial synergies
From an operational standpoint, the integration will enhance the joint offering of warehousing, transportation, and distribution services, improving the group’s reach, efficiency, and technological capabilities.
On the commercial side, the transaction presents a major opportunity to expand Ontime’s service portfolio to Vicarli’s current clients, while also offering Vicarli’s specialized solutions to the rest of the group’s customer base. This will result in a more robust, flexible, and competitive proposition for the entire commercial ecosystem.
A strategic step toward international expansion
This acquisition strengthens the group’s positioning to confidently enter its next phase of international growth.
"With the incorporation of Vicarli, we are taking an important step in our growth plan by integrating a company that shares our values of quality, commitment, and customer focus. We are confident that together we will generate a highly positive impact on both our clients and the industry." — Carlos Moreno, CEO
About GPF Partners
GPF Partners (www.gpf-partners.com) is a private equity investment firm founded in 2015 by Martín Rodríguez-Fraile, Ignacio Olascoaga, Lorenzo Martínez de Albornoz, and Guillermo Castellanos. GPF Partners currently manages over €1.5 billion in assets under management across its GPF Private Equity and Inbest-GPF Real Estate funds. All funds are backed by private investors from Spain, the U.S., Europe, and 15 Latin American countries.
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