Livingston International Inc has acquired Affiliated Customs Brokers Ltd, a Canadian customs brokerage and freight forwarding specialist with operations across North America. No financial terms were released. Toronto-based Livingston, a provider of customs brokerage, transportation and logistics services, said the deal will strengthen its offerings in both Canada and the United States, adding particular strength in the Québec market. Livingston is a portfolio company of Canada Pension Plan Investment Board and U.S. private equity firm Sterling Partners. The latter took the company private for $324 million in January 2010.
Livingston International acquires Affiliated Customs Brokers
TORONTO, Sept. 19, 2016 /CNW/ – Livingston International Inc., Canada’s leading customs broker, announced today that it has acquired Affiliated Customs Brokers including its operations in Canada and the U.S., in an effort to expand its brokerage and freight forwarding offering in Quebec.
“Affiliated is one of the most reputable customs brokers and freight forwarders in Canada and, like Livingston, has a culture focused on client service,” said Livingston International’s Chief Executive Officer, Steven Preston.
The acquisition will strengthen Livingston’s service offerings in both Canada and the U.S., adding particular strength in the Quebec marketplace. Affiliated brings particularly strong expertise in the energy, printing, pharmaceuticals, automotive, capital equipment and food industries.
“Bringing together our companies will offer new opportunities to our staff as they become part of a larger global organization, while the broader range of customs and compliance services will benefit our clients,” said former Affiliated owner Gilles Rémillard.
Founded in Montreal in 1950 through an affiliation of 18 independent customs brokers, Affiliated was a family-owned company with approximately 450 employees located in 25 offices across Canada and 12 offices in the U.S.
“We chose Livingston because we felt its values and corporate culture are similar to our own and we were looking for stability and longevity to build on our legacy,” said Affiliated co-owner Josée Rémillard.
The Affiliated brand also includes: brokers J.A. Léveillé & Fils, acquired in 2001; P. Mines Customs Service Inc., acquired in 2014; and freight forwarding company A.W.W. Kyle.
Livingston International focuses on customs brokerage and trade compliance, offering international trade consulting, global trade management and freight forwarding. It provides clarity in a world of trade complexity, so business can grow further, faster and smarter. Livingston employs over 3,100 staff at 100 key border points, sea ports, airports and other strategic locations across North America, Europe and Asia. www.livingstonintl.com
For further information: Media contacts: Dan Ovsey, Livingston International, 1-800-387-7582 ext. 3088, firstname.lastname@example.org
Photo courtesy of Sterling Partners