London-based private equity Man Capital LLP has acquired OTS Logistics Group, parent of non-vessel-operating common carrier Vanguard Logistics Services, from founder and chairman Owen Glenn.   

Man Capital will support the existing management team, led by Charlie Brennan,  chief executive officer,  in OTS’ next stage of growth, including further developing its international presence.

Outgoing owner, Owen Glenn,  said, ‘’I am pleased we have reached an agreement with Man Capital who recognise the success we’ve achieved to date and the great potential within the business. I am confident that with Man Capital’s support OTS will continue to go from strength to strength.”

Charlie Brennan, CEO of OTS, said, “We are excited to be working with such a strong business partner as we continue to build and expand the group. With the backing of Man Capital, there is a great opportunity to broaden our international footprint and the scope of services we can offer our clients, whilst continuing to provide the high levels of service expected of us. ”

Loutfy Mansour, CEO of Man Capital LLP, said, “Man Capital’s focus is to provide long-term support and resources to businesses, investing in and working with management teams to further their success. OTS is a world-class logistics business with a leading position in the sea-freight consolidator market. We are backing a great management team with an impressive track record of growth and a reputation for reliability and service.’’

Group Chairman of Thrutainers International, Andre de Oliviera echos the positive comments    "With the current management team in place the acquisition gives continuity and stability to the organisation. We believe this acquisition will also breathe new life into Vanguard Logistics Services and we are excited about the future"