Hamburg — Proventis Partners advises Customs Support Group on the acquisition of iZD Group. Customs Support strengthens its presence in Germany with the merger with the iZD Group.
Customs Support, the leading provider of customs services in Europe, is pleased to announce the merger with iZD Group, a freight forwarding independent customs service provider based in Southern Germany. The connection with the iZD Group is part of Customs Support’s strategy to strengthen its presence and growth in Germany.
The Customs Support Group is committed to providing the best possible service to its customers and the merger with the iZD Group is evidence of this continued commitment. With the integration of the iZD Group, the Customs Support Group is now even better positioned to serve its customers in Germany and the surrounding countries.
”We have also had a branch in Switzerland for many years and are striving for further internationalization together with Customs Support,” says Gerd Strobel, Managing Director.
”Qualitative and quantitative growth is what we do best, which is why we want to push this even more strongly together with the Customs Support Group from now on,” says Claudia Strobel, Managing Director of the Customs Support Group.
“We are delighted to announce the merger with the iZD Group in Germany, which represents a significant milestone in our ongoing commitment to expanding our European business. With the iZD Group, our customers are supported with an even higher level of expertise and resources. We look forward to the journey ahead of us as we continue to provide our customers with the highest quality services and facilitate smooth international trade,” explains Frank Weermeijer, CEO Customs Support.
The role of Proventis Partners
ProventisPartners has been the exclusive M&A advisor to Customs Support for its expansion in the DACH region for many years. In addition to identifying the customs agency and contacting the shareholders, Proventis Partners carried out the strategic analysis of the target company and accompanied the further transaction process from due diligence to commercial negotiations and successful completion. The Proventis Partners transaction team consisted of Jost Hartmann (Partner, Hamburg), Dr. Leonhard Austmann (Associate, Hamburg) and Leon Holtmann (Associate, Hamburg).
About iZD Group
The iZD Group, consisting of iZD GmbH and iZS GmbH, was founded in 2000 and is one of the industry leaders among freight forwarding-independent customs service providers in Germany with additional expertise for customs declarations in Switzerland. It also offers specialized customs software solutions, training and consulting services in the customs sector. iZD GmbH has set itself the task of optimizing the digital landscape and simplifying the customs clearance process for its customers. The common goal of digitalization and the companies’ shared values and culture pave the way for greater efficiency, innovation and improved services. This is perfectly complemented by the new partnership with the Customs Support Group. In addition to its customs clearance services, the iZD Group offers a variety of in-house and online training courses via iZS GmbH, covering a wide range of topics. The customized training courses are highly valued by customers.
About Customs Support Group
Headquartered in the Netherlands, Customs Support Group is Europe’s leading independent, digital and neutral provider of customs services, employing nearly 2,000 dedicated customs experts who serve over 30,000 clients annually. Customs Support Group is a portfolio company of Castik Capital. Through our comprehensive suite of services and digital capabilities, we consistently help clients maximize compliance, achieve operational efficiencies, optimize import duties, customs planning, and continuously evolve in an ever-changing customs landscape. In addition to traditional brokerage and digital services, the Customs Support Group offers customs consulting and gas measurement services. The company currently operates in the Netherlands, Belgium, Germany, Poland, France, the United Kingdom, Ireland, Italy, Finland, Sweden, Norway, Switzerland and Spain. In Europe, Customs Support Group serves numerous cross-border customers in various sectors such as the automotive industry, the food and beverage industry, the manufacturing industry and many others. Customs Support Group is the number one digital customs broker and is investing heavily in the digitalization of customs processes.
About Castik Capital
Castik Capital S.à r.l. (“Castik Capital”) manages private equity investments. Castik Capital is a European private equity firm that acquires significant stakes in European private and listed companies where long-term value can be created through active partnerships with management teams. Founded in 2014, Castik Capital is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. Investments are made by the Luxembourg-based fund EPIC II SLP. The advisor to Castik Capital S.à r.l. is Castik Capital Partners GmbH, based in Munich.
About Proventis Partners
Proventis Partners is a partner-led M&A advisory firm whose clients are predominantly medium-sized family businesses, corporate groups and private equity funds. With 30 M&A advisors, Proventis Partners is one of the leading independent M&A consultancies in the German-speaking region and can look back on more than 20 years of M&A experience and over 430 completed transactions. The M&A consultants with offices in Frankfurt, Hamburg and Zurich are active in the Industrials, Chemicals & Materials, Business Services, Technology & Media, Consumer & Retail and Healthcare sectors. The exclusive membership in the Mergers Alliance — an international partnership of leading M&A specialists — enables Proventis Partners to support clients in 30 countries in the most important markets worldwide. The members of the Mergers Alliance, with more than 250 M&A professionals, offer Proventis Partners and its clients unique access to local markets in Europe, North America, Latin America, Asia and Africa. www.proventis.com.