Private equity firm Trident Management seems to be an early mover in bolting collectively small courier companies onto a platform that can offer shippers larger regional density and attain as an various to giant, legacy parcel carriers.
Trident-backed Priority Courier Experts, which serves B2B prospects in the Minneapolis-St. Paul space and higher Midwest, last week said it acquired Priority Dispatch Inc. and Diamond Expedited, Midwest suppliers of same-day courier and box-truck freight companies for the healthcare and e-commerce industries, and Atlanta-based Inpax Shipping Solutions.
Priority Dispatch was based in Cincinnati in 1973. Diamond Expedited started serving the larger Chicago space in 1995. The firms, which were purchased from the same particular person, also cowl Columbus, Cleveland, Dayton and Toledo, Ohio; Indianapolis; Detroit and Milwaukee, with 43 workers and more than 500 independent-contractor drivers. Their mixed supply visitors is about 250,000 orders per yr.
Inpax is lively in seven markets across the South, including Charlotte and Raleigh, North Carolina, Tennessee, South Carolina and Florida. With 75 workers and more than 335 owner-operators it delivers more than 400,000 orders per yr. In addition to e-commerce pickup and supply, it provides native and regional truck brokerage and tractor trailer freight.
In December 2024, Priority Courier Experts bought Indianapolis-based Now Courier.
All collectively now, Priority Courier’s complete annual supply quantity is more than 1 million items. To put that in perspective that’s roughly the quantity of throughput FedEx handles in about 90 minutes each day.
The acquisitions develop Priority Courier Experts density in the Midwest and give it a foothold in the South, while the bought firms benefit from a bigger community and access to more sources that can support growth. And healthcare logistics tends to command premium charges and industry prospects have a tendency to keep with service suppliers that can meet their demanding wants for on-time supply and sustaining product integrity in transit.
Trident has partnered with Bluejay Capital, a transportation and logistics-focused investment firm, to present operational oversight of Priority Express Couriers since they acquired it in August 2023.
“Inpax is exactly the kind of well-run, founder-led businesses we look for to complement the PCE platform. The company’s commercial and parcel strength across the Southeast immediately broadens what PCE can offer,” said Garrett Anacker, principal at Bluejay Capital, in a information release.