{"id":12151,"date":"2023-08-23T15:54:20","date_gmt":"2023-08-23T15:54:20","guid":{"rendered":"https:\/\/www.findadistributor.com\/news\/?p=12151"},"modified":"2023-08-23T15:54:20","modified_gmt":"2023-08-23T15:54:20","slug":"tridents-priority-investment","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/tridents-priority-investment\/","title":{"rendered":"Trident\u2019s Priority Investment"},"content":{"rendered":"

Trident, a private equity firm founded in 2017 specializing in acquiring U.S.-based small businesses, has made a strategic investment in Priority Courier Experts.<\/p>\n

Priority, founded in 1996, is an expedited local B2B delivery provider serving customers in virtually all industries, including building products, third-party logistics, healthcare, electrical equipment, food and beverage and automotive in the Minneapolis-St. Paul metropolitan area.<\/p>\n

Priority\u2019s expansive fleet of both CDL commercial vehicles and parcel vehicles and focus on service make it a leader in the Twin Cities.<\/p>\n

Trident is partnering with Bluejay Capital<\/a>, an operating partner with deep expertise in transportation and logistics businesses. The Bluejay team has more than 120 years of combined management-level operating experience in the sector and specializes in executing geographic expansion strategies.<\/p>\n

Mark Cossack, formerly president at Priority, will serve as the company\u2019s new CEO. His expertise will allow him to leverage the company\u2019s existing culture of success to catalyze its next phase of development and expansion into new markets. Cossack is an executive board member of the Minnesota Trucking Association and a board director of the Customized Logistics and Delivery Association.<\/p>\n

Ted Burchell, formerly Priority\u2019s executive vice president, will serve as president. As part of his expanded role, Burchell will continue to oversee sales and customer service.<\/p>\n

\u201cWe are thrilled to have Trident and Bluejay<\/a> as partners in pursuing the next frontier of growth for Priority,\u201d said Cossack.<\/p>\n

\u201cWe will continue to build on our values and partnership with our employees, drivers and customers in our community and beyond.\u201d<\/p>\n

Leveraging Bluejay\u2019s industry insights and growth expertise, Trident aims to further enhance Priority’s local market position and expand its footprint to other cities to meet customer demand for increasingly expedited delivery service.<\/p>\n

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Priority, founded in 1996, is an expedited local B2B delivery provider.<\/p><\/div>\n

\u201cPriority has built an incredible reputation in the Twin Cities over its nearly three decades of best-in-class service,\u201d said Eric Taylor, founder and CEO of Trident.<\/p>\n

\u201cWe are eager to join forces with Mark, Ted and Bluejay to build upon the strong success the company has achieved to date and to expand its services into new geographies to better serve customers.\u201d<\/p>\n