Last mile provider FAST Group's post-merger meltdown: PE-backer freezes fund amid financial red flags
www.freightwaves.com
In the fast-paced world of e-commerce logistics, mergers are often hailed as game-changers, promising synergies, expanded networks, and economies of

Looks like that’s the end of Sendle? Bit of a shame, they were very convenient for sending small parcels. Couriers on the whole are a pain in the proverbial to deal with normally.

Summary:

Last-mile delivery provider FAST Group, formed through the August 2025 merger of Sendle, FirstMile, and ACI Logistix, is currently facing a severe financial crisis that has led its primary private equity backer, Sydney-based Federation Asset Management, to freeze its $100 million investment fund. Just months after the merger intended to create a logistics powerhouse, the entity is reportedly struggling with significant financial red flags and “due diligence lapses” that have brought it to the brink of a potential U.S. bankruptcy filing. The meltdown has raised serious concerns regarding the firm’s risk management and the stability of its underlying assets, leaving the future of the e-commerce logistics venture in doubt as it seeks urgent financing to avoid a total collapse.

Email received today:

  • tavu@sopuli.xyzEnglish
    2·
    8 days ago

    Good riddance. Yet another lowballing courier undercutting what should be a natural monopoly for standard parcels operated by public-owned AusPost (unless the Libs get in again and have a go at privatising it).