Customs Support Group B.V.

Completed Date

2020-01-03

Sector

Business Services

Deal Type

Acquisitions

Value

Not disclosed

Company bio

Customs Support is one of the leading neutral customs agencies in Europe and offers complete solutions in the area of customs services for industrial and logistics companies. Customs Support offers its clients support in handling Customs formalities within as well as outside the European Union.
The company has grown organically as well as via 16 strategic add-on acquisitions and intends to become the leading independent customs service provider in Europe. With over 300 employees, all kinds of import, export and transit documents, as well as limited fiscal representation are processed in own offices in The Netherlands, Belgium, Germany, Great Britain, Poland as well as through a comprehensive partner network in further European countries.

Deal Summary

One of Europe’s leading customs agencies Customs Support Group has successfully acquired Speditions-Kontor Gotthold Kunow GmbH & Co. KG and its associated companies ("Kunow Group"), completing the 16th add-on acquisition in Europe and the third in Germany.

As part of a stringent pan-European buy-and-build strategy, Customs Support Group B.V., a port-folio company of Mentha Capital, acquired Kunow Group, effectively doubling its business presence in the German market and adding operations in Poland as well as an extensive cooperation network in Eastern Europe. For Customs Support, this acquisition is yet another important milestone on its pathway to becoming the leading neutral customs agency in Europe and thus providing cross-border support for customers across the continent. At the same time, an ideal succession solution was implemented for the shareholders of Kunow Group and the positive future development of the company as well as its employees was secured with a strong strategic partner.

Value Added to the Project

Proventis Partners has been supporting Mentha Capital and Customs Support as exclusive M&A ad-visor in the expansion in Germany for several years. The acquisition of Kunow Group is the third successful acquisition and further transactions are to follow. In addition to identifying the customs agency and contacting its shareholders, Proventis Partners carried out the strategic analysis of the target company and guided the further transaction process from due diligence and commercial negotiation to the successful execution.

Deal Contacts

Timo Stahlbuhk

Proventis Partners is the exclusive German partner of Mergers Alliance

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