Toronto-based Livingston International Inc, a specialist in customs brokerage and trade compliance, has completed its previously announced purchase of assets of Advantex Express Inc and its two related U.S. entities. Financial terms of the transaction were not disclosed. Advantex is a transportation services and customs brokerage company with headquarters in Mississauga, Ontario. Livingston was taken private for $324 million by Canada Pension Plan Investment Board and U.S. private equity firm Sterling Partners in 2010.
Livingston International acquires transportation and customs brokerage firm Advantex Express
TORONTO, Oct. 16, 2013 /CNW/ – Livingston International has acquired the assets of Advantex Express Inc. as well as the shares of its two U.S. entities, Advantex Express, Inc. and Andina Group International, Inc. (collectively “Advantex”), Livingston’s CEO, Steve Preston, announced today.
“With the acquisition of this transportation services and customs brokerage firm, Livingston is further expanding its Canadian and U.S. freight forwarding and brokerage operations, while giving us additional ground freight audit capabilities,” said Preston. “I am pleased that Advantex leadership, including Greg Richard, Andre Leclerc, Jan Nyberg and John Vella, will be joining Livingston, further deepening our management team and ensuring a smooth transition.”
“We are very enthusiastic about becoming part of Livingston,” said Richard, president of Advantex, which is headquartered in Mississauga, Ontario. “Livingston’s extensive coverage in Canada and the U.S., particularly in key regional air/sea markets and along the U.S. southern border, will benefit our customers and offer additional career opportunities for our employees.”
Founded in 1987, Advantex employs approximately 50 staff in both Canada and the United States. The company specializes in freight services through its worldwide agent network as well as freight audit and customs brokerage services.
North America’s number one company focused on customs brokerage and trade compliance, Livingston International also offers international trade consulting and global trade management services as well as international freight forwarding across North America and around the globe. Headquartered in Toronto, Ontario, Livingston employs approximately 3,200 staff at over 125 key border points, sea ports, airports and other strategic locations across North America as well as in Europe and Asia.
SOURCE Livingston International Inc.
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Advantex Express Inc.
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