EVO Business Supplies
Public to Private & Merger
We originally invested in Vasanta Group back in 2009 and the business was transformed in 2014 when we completed our first Public to Private transaction with the acquisition of office2office plc. The resulting combined business, now called EVO Group, is the UK’s largest multichannel supplier of business supplies with sales in excess of £450m.
EVO Group provides sourcing, storage, specialist and value-added fulfilment services to retailers, resellers, large public sector bodies and corporate organisations through its trading brands VOW and Banner. The product offering spans the full range of business-critical supplies, from traditional office supplies to high growth categories such as EOS, facilities supplies, technology, furniture and specialist consumables.
EVO enables both local and global manufacturers to reach all areas of the market via specialist teams and specific service offerings. It holds an undisputed position of strength within its market place, offering unparalleled scale, infrastructure and expertise as the largest business supplies wholesaler in the UK and Ireland and the second largest contract stationer.
With an impressive logistics platform operating a branded fleet of 350 vehicles and the broadest multi-channel sales structure, EVO has a leading position in each of its chosen market segments.
Operating in a large, diverse and changing marketplace, each of EVO’s trading companies is uniquely placed to both take advantage of growth opportunities and add value to suppliers and customers alike via its efficient operating model and approach to minimising supply chain costs and complexity.
EVO Group CEO Steve Haworth commented:
“I am excited about the future of the EVO Group. The combination of the best people in the industry; strong supplier relationships; a well invested infrastructure and most importantly a focus on continuous improvement in customer experience means that we are very well positioned to take advantage of the mass of opportunities that exist within our £18bn addressable market.”
Key person for this case study
A Partner in the Investment Team, Andy is responsible for the firm’s operations in Yorkshire and the North East from our Leeds Headquarters. This includes delivering new transactions, as well as working closely with some of our investments. Prior to joining Endless, Andy spent 16 years at PwC advising regional corporates and their stakeholders through sales, purchases, restructures and refinancing projects.