Priority Courier Experts buys two Midwest delivery firms in same-day logistics push
What's the deal? Priority Courier Experts (PCE)Dealroom has a profile for this one. Try Dealroom → has acquired Priority Dispatch, Inc.Dealroom has a profile for this one. Try Dealroom → and Diamond ExpeditedDealroom has a profile for this one. Try Dealroom → (PD/DX), two same-day medical, courier and freight delivery businesses serving the US Midwest. Terms were not disclosed.
Who's involved? Minneapolis-based PCE, a same-day and next-day B2B delivery provider founded in 1997, is backed by Trident ManagementDealroom has a profile for this one. Try Dealroom → and Bluejay CapitalDealroom has a profile for this one. Try Dealroom →. Priority Dispatch launched in 1973 and operates across the Midwest; Diamond Expedited, founded in 1995, runs out of greater Chicago.
The scale: The two acquired firms operate more than 500 independent-contractor drivers and 43 employees, completing about 250,000 orders a year. Their services span medical courier work, small parcel, on-demand delivery, box truck freight and e-commerce fulfilment.
What's the endgame? The deal deepens PCE's Midwest presence across Ohio, Indiana, Illinois, Wisconsin and Michigan, and adds healthcare and e-commerce expertise. It targets Cincinnati, Columbus and Indianapolis while also covering markets including Cleveland, Detroit and Milwaukee.
"Priority Dispatch and Diamond Expedited give us decades of expertise and a leading position in three of our top target markets," said Mark Cossack, chief executive officer of PCE. "Their healthcare and ecommerce know-how strengthens what we can offer customers across the entire network."
The other side: Jeff Thomas, owner of the acquired businesses, said joining PCE lets his companies "expand into new end markets with our healthcare and long-term care logistics solutions" and gives customers "the backing of a larger, national platform."
The signal: The acquisition reflects continued consolidation in last-mile and expedited freight, as backers roll up well-run, founder-led regional operators onto national platforms. "We're excited to back PCE as it strengthens its position in the country's most attractive last-mile and expedited freight markets," said Garrett Anacker, principal at Bluejay Capital.
Read more: AP News
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