18.10.2017

Invision supports Schneider in acquisition of Prime Transport

Schneider Group, a leading Swiss freight forwarder, acquires US-based logistics services provider Prime Transport.

 

Strengthening presence in the USA

Prime Transport Group is a New York based freight forwarder with branches in Miami and Los Angeles. Established over 25 years ago and offering a full range of transportation and logistics services including export & import by air & ocean international freight forwarding, customs brokerage, warehousing/distribution and local cartage.

Prime Transport is Schneider’s second acquisition in the US and will further strengthen the company’s US presence. Both companies share a similar culture where the quality and customer experience are always put first.

Hans Brunner, CEO of Schneider Group commented: We are welcoming Prime Transport to the Schneider Group. In the past few months, Prime management and Schneider were able to focus on customer benefits and synergies, while Invision ensured a smooth execution of the transaction. 

Meanwhile Dave Wortman, CEO and former co-owner of Prime Group highlighted: Schneider’s excellent reputation and Invision’s pragmatic approach have convinced us to join forces with Schneider.

Martin Spirig, Partner at Invision and responsible for the transaction, added: The acquisition of Prime Transport by Schneider is a convincing example of how Invision supports its portfolio company on international expansion. 

 

Focus on continuity and sharing of synergies

In line with previous acquisitions by Schneider, Prime Transport will continue as a stand-alone entity under the leadership of its current management team. Focus will be put on a close collaboration with other Schneider entities where commercially feasible and on sharing certain back-office functions. 

 

About Prime Transport

Prime Transport was established in June 1993. Prime Transport has grown its business organically over the past 2 decades by focusing on the unique needs of its customers. Today the company combines customized international logistics services along with Customs brokerage and at the same time offers its own transportation infrastructure.

For further information please go to www.primetran.com.

 

About Schneider Group

Schneider Group is an international freight forwarder. The logistics’ specialist plans and coordinates transnational cargo shipments at 16 locations in Switzerland, France, the Netherlands, Liechtenstein, Austria, the US and with partners worldwide. Besides classic road, sea- and air transports, Schneider offers a comprehensive set of further services especially in the area of customs clearance, value-added and special services.

For further information please go to www.schneider-transport.com

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