Coppersmith Forms Strategic
Partnership with Honour Lane Shipping
Coppersmith has entered into an agreement to merge with Honour Lane Shipping Ltd., a leading international logistics company operating in 12 countries and one of the world’s largest contract-holding NVOCC’s. Coppersmith and Honour Lane will both operate under HLS Group Holdings, majority-owned by Hong Kong-based private equity firm Nexus Point Capital.
Coppersmith will continue to operate, Business as Usual.
Throughout its 76-year history, Coppersmith has built a strong national presence with offices throughout the United States. Under this new arrangement, Coppersmith will retain its brand, leadership, licenses, and offices, ensuring continuity in operations and services.
We have set an industry standard for reliability and professional integrity. Our dedication to customer service and compliance, led by our involvement in industry trade associations nationwide, has made us a leader in understanding all aspects of governmental regulations and logistical challenges. You will remain in the good hands of our committed management team!
”We are excited to take on this next chapter in our company’s long history. Finding a strategic partner that enables us to do what we do best, while opening the door for Coppersmith to offer a more comprehensive door-to-door service for both our import and export customers is a win/win for our company and our customers.
Bud CoppersmithPresident
48 Offices in 12 Countries
China
Southeast Asia
United States
India
”We eagerly anticipate this partnership, leveraging the company’s robust relationships with customers and vendors, along with their leadership in customs brokerage, compliance and freight forwarding services across the United States.
Jacob Bech-HansenPresident of HLS Group North America
Coppersmith’s people, managers and leadership will be the same tomorrow as they are today – so if you have any additional questions to what we have laid out below, please do not hesitate to contact them directly for more information.
What is happening?
Nexus Point Capital, a Hong Kong private equity firm has developed a dynamic growth platform comprised of global logistics companies. They started with Honour Lane Shipping Ltd. (HLS) in May 2022, a leading global provider of international logistics and NVOCC. They have now added U.S. Customs brokerage and freight forwarder L.E. Coppersmith, Inc. to complement their American services of HLS.
Who is Honour Lane Shipping?
Established in 1997 in Hong Kong, HLS has grown into an industry leader with 35 owned offices throughout China and Southeast Asia, as well as Los Angeles and New York, employing over 1,000 staff members. Regarded primarily for their NVOCC services which handle freight volumes exceeding 400,000 TEUs annually, ranking them #4 out of China and #6 throughout Asia. Their integrated network includes ocean, air, land transport, warehousing, logistics, and consultation services, providing worldwide comprehensive point-to-point transportation solutions.
What will happen to L.E. Coppersmith, Inc.?
L. E. Coppersmith, Inc. will continue to provide Customs Brokerage, freight forwarding and all related services that they have provided previously, under the name of L.E. Coppersmith, LLC.
Will there be any changes to the leadership, management, or processes?
No, it will be business as usual. Bud Coppersmith will serve as the President of the new entity, L.E. Coppersmith, LLC. Branch managers, operations personnel and processes will remain the same. To our customers, there will be no visible changes in the day-to-day operations.
How will this acquisition benefit our customers?
Customers will benefit from enhanced door-to-door services for imports and exports, broader capabilities, and more competitive rates on the transpacific trade lane leveraging Honour Lane’s contracts and network of offices.
What should customers expect in terms of communication and support during the transition?
Customers can expect ongoing communication and support from their existing Coppersmith representatives. Email addresses and phone numbers will remain the same.