Priority Courier Experts, backed by Trident Management and Bluejay Capital, acquired Priority Dispatch, Inc. and Diamond Expedited (PD/DX), same-day medical, courier and freight delivery and logistics businesses serving the Midwest market.
"For more than 50 years, Priority Dispatch and Diamond Expedited have delivered dependable, high-touch services across the Midwest. Becoming a part of Priority Courier Experts lets us expand into new end markets with our healthcare and long-term care logistics solutions and gives our customers the backing of a larger, national platform," says Jeff Thomas, owner of Priority Dispatch and Diamond Expedited.
“Priority Dispatch and Diamond Expedited are exactly the kind of well-run, founder-led businesses we look for to complement the PCE platform. They bring experienced leadership, loyal customers and a real runway for growth," adds Alexis Rathborne, managing director at Trident Management.
"Priority Dispatch and Diamond Expedited's healthcare and ecommerce expertise immediately broadens what PCE can offer. We're excited to back PCE as it strengthens its position in the country's most attractive last-mile and expedited freight markets," says Garrett Anacker, principal at Bluejay Capital.
“Priority Dispatch and Diamond Expedited give us decades of expertise and a leading position in three of our top target markets. Their healthcare and e-commerce know-how strengthens what we can offer customers across the entire network," says Mark Cossack, CEO of Priority Courier Experts.
Key takeaways:
· The deal adds deep healthcare and e-commerce delivery expertise.
· The acquisition deepens PCE's presence in the Midwest (Ohio, Indiana, Illinois, Wisconsin, Michigan), rounding out PCE's national same-day and expedited delivery network.
- integrating PD/DX's established regional relationships and vertical expertise, spans parcel, commercial freight, e-commerce and healthcare logistics, with PCE's broader network and service capabilities, customers of all three companies gain access to an expanded set of solutions to support their own growth.
