French last-mile specialist Trusk has chosen independence over a sale. Through a management buy-out, two co-founders who were previously minority shareholders, Thomas Effantin and Sébastien Tronel, have taken 80 percent of the capital, alongside Sarah Gimenez-Fauvety, who was promoted to chief executive 18 months ago.
The deal and the backers
The buy-out was financed by a banking pool that included SG, LCL, Arkéa, Caisse d’Epargne Île-de-France and Bpifrance. Two long-standing investors also stayed on board: Daphni, which had joined a €7M round in 2019, and Global Capital Partners, which took part in a later raise at the end of 2023. Trusk turned profitable a little over three years ago, and the company says it had been courted by several large logistics groups before opting to keep control in-house.
Scale and ambitions
Founded a decade ago to deliver heavy and bulky goods, Trusk handled roughly 3 million deliveries in 2025 with 180 staff and a client book of more than 500 accounts. Its customers sit largely in furniture, appliances and DIY retail and e-commerce, with Ikea an early name and Castorama, Point.P and Emma among those it serves. About 65 percent of deliveries run on electric vehicles, and the firm reconditions or finds a second life for some returned products through partners such as Iloé and Ecosystem.
The new owners want to double the business within five years while lifting margins, and they have not ruled out acquisitions. Technology is part of the plan too. Gimenez-Fauvety expects developers to be steering AI agents rather than writing code by year-end, freeing teams to focus on operations and customer experience.
