Warburg-backed Stellar Value Chain buys logistics firm Patel Roadways.

Warburg Pincus-backed Stellar Value Chain Solutions has acquired Patel Roadways, a company operating in the express logistics segment. Financial terms were not disclosed. Stellar caters to the logistics needs of customers across e-commerce, consumer retail, FMCG, auto, pharma, telecom, industrial, chemicals and electronics sectors. Stellar said in a statement on Thursday that its unit Innovative Logistics Services Pvt. Ltd will buy the Patel Roadways division of Patel Integrated Logistics Ltd including express, less-than-truck-load (LTL) and full-truck-load (FTL) segments by way of a slump sale in an all-cash deal. “With the Patel Roadways acquisition, we intend to make deeper inroads in the Express and LTL distribution space across the country. Patel Roadways is an extremely reputed brand and we have known it well for decades,” Anshuman Singh, Stellar chairman and managing director.