London-based Foresight Group, a private equity and infrastructure investment manager, announced that it has invested £700K (~ €814K) in UK-based We Are Fulfilment through the Midlands Engine Investment Fund.
We Are Fulfilment (WAF) says it will now have the opportunity to establish an additional fulfilment facility, upgrade automation capabilities, streamline supply chain operations and generate employment opportunities within the community.
WAF also seeks to enhance its services and meet the growing demand for reliable e-commerce fulfilment in the UK.
New leadership appointments to drive growth
WAF also appointed Jamie Clark, an expert in supply chain management, as its chief operations officer. Sarah Gilling, formerly the managing director of Ocean Saver and an existing partner of WAF, has assumed the role of chief finance officer.
WAF co-founder Trent Peek says, “We’ve experienced meteoric growth in the last year. As the e-commerce markets continue to show double-digit growth in the UK, the need for reliable, transparent fulfilment is enormous.”
“With this support from Foresight, we’ll strengthen our offering to existing clients and we’re poised to deliver even better customer satisfaction for our growing number of partners,” he adds.
Founded in 2022 by Peek and Richard Ardis, WAF quickly gained momentum by partnering with over 60 e-commerce businesses. WAF serves as a crucial link, connecting the sales channels of e-commerce businesses (such as Shopify, Amazon and eBay) with its warehouse management system.
“We are delighted to support Trent and Richard and the rest of the team at WAF to enable them to achieve their business ambitions,” says foresight investment manager Line Kristine Gauteplass.
She praises WAF’s substantial growth, expanding customer base and strong standing in the fulfilment and e-commerce sectors. “With our investment and support, WAF is well placed for its next stage of growth, and we look forward to being part of its growth journey,” she says.
About Foresight Group
Foresight Group, established in 1984, specialises in sustainable and ESG-focused strategies. It aspires to generate attractive returns for institutional and private investors in challenging private markets.
With a diverse portfolio of over 400 infrastructure assets, the company specialises in multiple sectors, such as solar and onshore wind projects, bioenergy and waste initiatives.
Foresight Group also is involved in renewable energy-enabling projects, energy efficiency solutions, social and core infrastructure projects and sustainable forestry assets. The company’s private equity team manages eleven investment funds targeting specific regions within the UK and an SME impact fund supporting Irish SMEs.
With a presence in eight countries across Europe, Australia, and the United States, Foresight Group currently has over £12B in assets under management (AUM).