Customs Support Group expanded its presence in Poland and the United Kingdom through the acquisition of a leading Polish customs broker – Rusak Business Services.
Headquartered in Netherland, Customs Support Group (“CSG”), backed by private equity fund Castik Capital, is Europe’s leading independent, digital, and neutral provider of customs services, serving over 30,000 customers annually in over 100 locations in 13 countries. The company is currently active in the Netherlands, Belgium, Germany, Poland, France, United Kingdom, Ireland, Italy, Finland, Sweden, Norway, Switzerland and Spain. In Europe, Customs Support Group serves many cross-border clients in several industries such as automotive, food and beverage, and many more. Customs Support is the number one in digital customs and invests substantially in the digitalisation of the customs process.
This transaction will significantly increase Customs Support’s service range in both countries, providing clients with broader access to modern customs services focused on efficiency, digitalisation and automation solutions. Customs Support consequently realises its buy-and-build strategy emphasising the focus on international growth and expansion within the customs services sector. The key intention behind the acquisition is to provide further added value to the existing client base of Customs Support and Rusak while maintaining existing skilled management and employees and supporting further growth of all stakeholders of both businesses.
POPEMA Securities together with Proventis Partners, acted as M&A buy-side advisor to Customs Support Group. The transaction and cooperation was initiated by Proventis Partners that has supported Customs Support as M&A advisor in their expansion in DACH-region for many years now (7 deals closed before) and managed to leverage on that in development of Polish process, that was executed by IPOPEMA. In addition to identifying the customs agency and contacting its shareholders, the scope of services provided included: strategic analysis of the target company, coordination of due diligence and support in commercial negotiation to the successful execution. Further transactions are to follow on both markets.