Investment Summary

Trident Capital Invests In Priority Courier Experts

On August 22, 2023, Trident Capital invested in transportation company Priority Courier Experts

Investment Highlights
  • This is Trident Capital’s 2nd transaction in the Transportation sector.
  • This is Trident Capital’s 78th transaction in the United States.
  • This is Trident Capital’s 3rd transaction in Minnesota.

Investment Summary

Date 2023-08-22
Target Priority Courier Experts
Sector Transportation
Investor(s) Trident Capital
Deal Type Growth Capital

Target

Priority Courier Experts

Vadnais Heights, Minnesota, United States
Priority Courier Experts is a B2B delivery provider serving customers in virtually all industries, including building products, third-party logistics, healthcare, electrical equipment, food & beverage and automotive. Priority Courier Experts was founded in 1996 and is based in Vadnais Heights, Minnesota.

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Investor(S) 1

Investor

Trident Capital

San Mateo, California, United States

Category Private Equity Firm
Founded 1993
PE ASSETS 1.9B USD
Size Large
Type Sector Focused
DESCRIPTION

Trident Capital was a venture capital firm focused on investments at all company stages, from early and expansion stage investments to buyouts and recapitalizations. Trident focused on investments in tech-enabled sectors, including enterprise software/services, outsourcing and payments, healthcare software/services, internet/consumer, and energy/clean tech. In 2015, Trident ceased investing and the Firm's employees split to form Sunstone Partners, a growth equity firm, and Trident Capital Cybersecurity, a venture firm focused on the cyber security sector.


DEAL STATS #
Overall 86 of 86
Sector (Transportation) 2 of 2
Type (Growth Capital) 12 of 12
State (Minnesota) 3 of 3
Country (United States) 78 of 78
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Mocana

San Francisco, California, United States

Mocana provides cyber protection for IoT, operational technology (OT) and critical infrastructure. The company's proven on-device cybersecurity software and lifecycle management platform enable manufacturers and industrial companies to build self-defending systems that are tamper-resistant. Mocana’s tightly integrated solutions help companies to minimize the risk of a cyber breach, comply with industry standards, and protect intellectual property by ensuring that devices and processes are trusted end-to-end, from device manufacturing to deployment. Unlike IT network security approaches, Mocana enables devices to protect themselves and prevent malware from being installed. It protects more than 100 million commercial, government and military/defense devices and systems, and is trusted by the world’s largest aerospace, industrial, energy, automotive, healthcare, and telecommunications companies. Mocana was formed in 2002 and is based in San Francisco, California.

Sell -