Metro Vancouver-based, last-mile delivery firm to go public in $1.4 billion-valuation | Daily Hive

Metro Vancouver-based, last-mile delivery company to go public in $1.4-billion valuation

UniUni was recognized at the New York Stock Exchange in October 2025 for being No. 5 on Deloitte's Fast 50 Canada list. (UniUni)

UniUni, a delivery technology company based in Metro Vancouver, is preparing to go public through a merger with MAK Acquisition Corp. in a transaction that values the business at roughly C$1.4 billion (US$1 billion).

The companies announced on Tuesday that they had signed an agreement that would see UniUni become a publicly traded company on the Toronto Stock Exchange later in 2026, pending regulatory approvals and financing conditions.

The transaction is expected to be completed in the second half of 2026. Additionally, the companies also intend to pursue a Nasdaq cross-listing shortly after the deal closes.

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UniUni specializes in “last-mile” delivery — the final stage of shipping where packages move from distribution centres to consumers’ homes. The company notes that with its optimized tech solutions, it currently delivers more than one million parcels per day across Canada and the United States using a network of more than 100,000 drivers.

The company has grown rapidly in recent years as e-commerce retailers look for alternatives to traditional courier providers. UniUni said its revenue climbed from roughly C$113 million (US$90 million) in 2023 and is expected to surpass roughly C$1.38 billion (US$1 billion) in 2026.

Matt Proud, chairman and chief executive of MAK Acquisition, said the company sees UniUni as a major player in the logistics sector.

“We are excited to bring one of the fastest-growing companies in the country, and a true Canadian champion, to market,” said Proud.

“We look forward to partnering with management as UniUni embarks on the next stage of its journey to be the leading global last-mile delivery platform.”

Peter Lu, founder and CEO of UniUni, added, “Customer demand for UniUni continues to grow alongside the expansion of e-commerce across North America. We believe our technology-enabled platform and flexible operating model position us well to support the evolving needs of customers as we continue investing in automation and long-term growth. We are excited to take the next step in our journey as a Canadian public company.”

The company says it plans to use proceeds from a private fundraising round of up to $100 million, along with funds held by MAK Acquisition, to expand its operations. Planned investments include automated “super-sorting” facilities intended to triple package-processing capacity to as many as three million parcels daily.

About 80 per cent of UniUni’s revenue currently comes from the U.S. market, with the remaining 20 per cent generated in Canada.

Last fall, the New York Stock Exchange recognized UniUni for its top five finish on Deloitte’s Fast 50 Canada list — deeming it the fifth fastest growing company in Canada.

Between 2012 and 2024, the company’s revenue grew by 6,829 per cent. And between 2024 and 2025, its parcel volume soared by 425 per cent, which was supported by the doubling of its warehouse capacity across Canada and the U.S. — serving more than 500 North American cities. In early 2025, UniUni acquired Toronto-based regional delivery company Shippie to accelerate its same- and next-day delivery capacity.

When UniUni was first founded in Vancouver in 2019, it reached 1,000 local deliveries daily.

UniUni

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