Castik Capital subsidiary Customs Support Group acquires Porath Customs Agent
Hamburg/ Munich — Customs Support Group B.V. (“Customs Support”), a portfolio company of Castik Capital, acquires Porath Customs Agents GmbH (“Porath”), one of the brand-leading and best-known customs agencies in Germany with further activities in Poland and the Netherlands.
Customs Support, the leading and digital customs broker in Europe, announces the acquisition of Porath Customs Agents. This acquisition strengthens Customs Support’s presence in Germany and Poland to facilitate customs clearance for global trade within and outside Europe.
“Offering Europe-wide, digital customs solutions from a single source for our customers is an idea that has linked Porath and Customs Support for a long time. That Porath as a customer-centric customs specialist and Customs Support as a leading digital customs service provider are now going down a common path makes me very happy.” Thorsten Porath, Managing Director of Porath Customs Agents.
“With their focus on digitalization and their knowledge of the customs profession, Porath’s team is a perfect fit for Customs Support’s goals: making customs simple for global trade.” Frank Weermeijer, CEO of Customs Support Group.
The role of Proventis Partners
Proventis Partners has been accompanying Customs Support as exclusive M&A advisor in its expansion in the DACH region for years. The acquisition of Porath is already the seventh acquisition that has been successfully implemented jointly, and work is underway on further acquisition opportunities. 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, through commercial negotiations, to successful closing. The Proventis Partners transaction team consisted of Timo Stahlbuhk and Dr. Leonhard Austmann.
About Porath Customs Agents
Porath Customs Agents is a family owned and operated company that has been in the market for over 30 years. Starting out as a freight forwarding company, the focus has shifted to its core competence, customs clearance. With a dedicated team strategically located in Germany and Poland, the company is known for its excellence and meeting high customer expectations. Its experience and focus on digitization offer customers a tailored solution for every customs matter. The wide range of services offered, such as import and export clearance, transit procedures and customs consulting, is tailored to specific needs. Porath’s team provides fast and accurate customs advice, professional handling and comprehensive customs management, and excellent service to customers. Porath is AEO-certified and a member of VHSp and Hafen Hamburg. www.porath.com
About Customs Support Group
Headquartered in the Netherlands, Customs Support Group is Europe’s leading independent, digital and neutral provider of customs services, employing over 1,500 dedicated customs professionals serving over 15,000 customers annually. 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, Customs Support Group provides customs consulting and gas measurement services. The company currently operates in the Netherlands, Belgium, Germany, France, the United Kingdom, Poland, Italy, Ireland, Finland, Sweden, Norway, Switzerland, Spain and Luxembourg.
In Europe, Customs Support Group serves many cross-border customers from various industries such as automotive, food and beverage and many others. Customs Support is number one in digital customs and is investing significantly in the digitization of the customs process. www.customssupport.com
About Castik Capital
Castik Capital S.à r.l. (“Castik Capital”) manages investments in private equity. 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. Castik Capital S.à r.l.’s advisor is Castik Capital Partners GmbH, based in Munich. www.castik.com
About Proventis Partners
Proventis Partners is a partner-led M&A advisory firm whose clients include a majority of mid-sized family businesses, corporate subsidiaries and private equity funds. With more than 30 M&A advisors, Proventis Partners is one of the largest independent M&A consultancies in the German-speaking region and looks back on more than 20 years of M&A experience and well over 300 completed transactions. The M&A consultants with offices in Düsseldorf, Hamburg, Munich and Zurich are active in the sectors Industrials & Chemicals, Business Services, Consumer & Retail, TMT, HealthCare and Energy & Sustainability. Exclusive membership in Mergers Alliance — an international partnership of leading M&A specialists — enables Proventis Partners to assist clients in 30 countries in key markets worldwide. www.proventis.com