Mailpac Group Doubles Size With Acquisition Of Mycart Express

  • Mailpac Group Limited (“Mailpac Group”), one of Jamaica’s leading businesses in e-commerce logistics and solutions, announced that it has agreed to acquire MyCart Express (“MyCart”), the fastest-growing and second-largest courier company in Jamaica.
  • This strategic transaction not only positions the combined entity as the largest courier platform in the Caribbean, delivering over 1.5Mn packages annually, but also merges the complementary management, service offerings, and geographic footprint of both entities to deliver superior growth to stakeholders.
  • Following the transaction, the Board of Directors plans to hold an extraordinary general meeting to propose rebranding Mailpac Group as MyPac Group. MyPac will operate multiple e-commerce brands, including Mailpac (premium courier), MyCart (value courier), ‘Pack Yuh Barrel’ (digital barrel packing and shipping), and Mailpac Local (local online purchasing).
  • The Group will be led by a management committee consisting of Khary Robinson and Garth Pearce of Norbrook Equity Partners Limited ("Norbrook"), Mark Gonzales and Samantha Ray of Mailpac, and Kamar Palmer and Aldane Smith of MyCart. The management of each brand will stay unchanged.
  • In addition to doubling the size and capacity of Mailpac Group, the transaction will see the owner-operators of MyCart becoming shareholders of the publicly listed company, significantly adding to the innovation and execution capacity of the Group. Mailpac and MyCart will also strategically focus on their core market segments with appropriate services and pricing.
  • Khary Robinson, also the Executive Chairman of Mailpac Group, highlighted that this transaction marks a pivotal moment in the logistics sector, with MyPac poised to deliver exceptional courier services across Jamaica and the Caribbean. He further noted that the combined expertise, resources, and innovative approaches of Mailpac and MyCart create a formidable force that will shape the future of logistics in the region.

 (Source: JSE)