Purolator announced that it has acquired Livingston International, an international trade services firm specialising in customs brokerage, global freight forwarding, and trade consulting, from Platinum Equity.
This acquisition provides Purolator with full-service customs brokerage capabilities across multiple geographies, including Canada, the United States, Mexico, Europe, and Asia. This expansion will enable Purolator to grow its international footprint in these regions.
The timing of this acquisition is significant given the growing importance of tariffs and trade. As clients seek guidance with the complexity of their international supply chains, Purolator and Livingston can offer increased breadth of capabilities to customers, creating a powerful force in transportation and trade.
Livingston, established in 1945, has served as a trusted advisor to over 30,000 businesses engaged in cross-border and global trade. As one of the largest customs brokers in North America, Livingston has been a reliable partner in supporting Purolator’s customs and global trade service needs for over 30 years.
John Ferguson, Purolator President & CEO, expressed the strategic significance of this transaction, stating that ‘it represents a generational opportunity to acquire a highly complementary and growing international business with a proven track record of success. With these broader capabilities and increased breadth, Purolator can offer more choices and greater flexibility to its current and future customers.’
Livingston International will now become a wholly owned subsidiary of Purolator, led by its existing management team responsible for day-to-day operations. Scotiabank will serve as the exclusive financial advisor to Purolator, while Osler will provide legal counsel. Bank of Nova Scotia, BMO Capital Markets, and RBC Capital Markets will act as Joint Bookrunners and Co-Lead Arrangers for the financing provided to Purolator.
Source: Purolator
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