Customs Support Group Bolsters Presence with Servizi Doganali Acquisition
Deal News | Dec 17, 2024 | Finance Community IT - 1 Corporate M&A
The Customs Support Group (CSG), a provider of integrated customs services and digital customs solutions, has successfully acquired Servizi Doganali, a customs brokerage firm based in Livorno, Italy. This strategic acquisition enhances CSG's footprint in one of Europe's major ports, particularly vital for perishable goods trade. As part of the deal, CSG was supported by the financial advisory team of EQUITA's Mid Cap Advisory, the Italian partner of Clairfield International, with legal support from DLA Piper. On the other hand, Servizi Doganali received guidance from LPM Studio Commerciale e Tributario. Maurizio Cirillo, Managing Director of Servizi Doganali, expressed optimism about the merger, citing the modernization and future opportunities with CSG. Meanwhile, John Wegman, CEO of CSG, emphasized that this acquisition is a strategic move in their growth strategy, strengthening their position in Europe's logistics hubs. This deal is set to provide enhanced, compliant, and efficient customs services, particularly in the crucial area of perishable goods.
Sectors
- Logistics and Transportation
- Professional Services
- Digital Services
Geography
- Italy – Servizi Doganali is based in Livorno, Italy, which is a strategic location for the logistics and customs services industry in Europe.
- Europe – Customs Support Group aims to strengthen its presence across major logistics hubs in Europe, emphasizing the continental significance of the acquisition.
Industry
- Logistics and Transportation – The acquisition relates directly to the logistics sector, specifically customs services and brokerage, which are vital in the transportation of goods, including perishables, across borders.
- Professional Services – Involvement of advisory firms such as EQUITA and DLA Piper highlights the professional services industry, providing financial and legal advice during acquisitions.
- Digital Services – CSG's provision of digital customs solutions aligns the acquisition with advancements in digital services within the logistics domain.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Customs Support Group (CSG) | Acquirer | Company | CSG is a provider of integrated customs services and digital solutions, focused on expanding its presence in European logistics hubs. |
| Servizi Doganali | Target Company | Company | A customs brokerage firm based in Livorno, Italy, specializing in customs intermediary services. |
| EQUITA Mid Cap Advisory | Financial Advisor | Company | Italian partner of Clairfield International, providing financial advisory services to CSG during the acquisition. |
| DLA Piper | Legal Advisor | Company | Provided legal advisory services to CSG in the acquisition deal. |
| LPM Studio Commerciale e Tributario | Financial Advisor | Company | Assisted Servizi Doganali in the transaction process. |
| Maurizio Cirillo | Managing Director of Servizi Doganali | Person | Leader of Servizi Doganali expressing optimism about the merger with CSG. |
| John Wegman | CEO of CSG | Person | Overseeing the strategic expansion and acquisition of Servizi Doganali. |