Group 1 - The merger of FAST Group, formed in August 2025 from Sendle, FirstMile, and ACI Logistix, aimed to create a comprehensive e-commerce shipping ecosystem but faced immediate challenges post-merger [1][3][4] - Federation Asset Management, a key investor, froze redemptions in its $100 million fund due to a crisis at FAST Group, highlighting due diligence failures and financial discrepancies [1][2] - The logistics sector is experiencing risks from rapid consolidation driven by e-commerce demand, which can obscure operational and financial vulnerabilities [2] Group 2 - FAST Group's headquarters is in California, and it serves a diverse clientele across multiple countries, including the U.S., Australia, Canada, India, and the Philippines [3][4] - Sendle, a key player in the merger, focused on affordable, carbon-neutral parcel delivery for small e-commerce sellers, with pre-merger revenues estimated at $32.5 million [5] - FirstMile specialized in mid-market shipping optimization with revenues around $75 million, while ACI Logistix reported revenues between $23.6 million and $100 million [5]