Livingston International agrees to acquire local southwestern Ontario customs broker
TORONTO, Feb. 28, 2012 /PRNewswire/ - Livingston International has signed a purchase agreement to acquire the assets of Dell Will Customs Brokers Inc., Livingston's president and CEO, Peter Luit, announced today.
Canadian Dell Will Customs Brokers Inc. is a strong local customs broker with approximately 40 employees based in Windsor, Ontario. If completed, the acquisition would give Livingston even greater traction in the Detroit-Windsor corridor, the busiest border crossing between the United States and Canada. This transaction fits into Livingston's business strategy to bolster its platform and leadership position in Canada.
Under the terms of the purchase agreement, Livingston would acquire the assets and client relationships of Dell Will Customs Brokers Inc. The transaction also includes select assets of sister company Dell Will Customs Brokers (USA) Inc., such that services currently performed by the U.S. entity on behalf of customers of the Canadian entity would move to Livingston International. No other assets of Dell Will Customs Brokers (USA) Inc. are included in the transaction.
The parties involved in this purchase agreement are in the process of finalizing certain legal formalities and other details. Assuming that these conditions can be met in the weeks ahead, Luit and Canadian Dell Will Customs Brokers Inc. president, Rich Will, anticipate that the transaction could close by mid-March 2012.
A leading North American customs broker, Livingston International also offers customs and international trade consulting services as well as international freight forwarding across North America and around the globe. With its U.S. air/sea hub located in Chicago and regional centers in Los Angeles, New York and Norfolk, Livingston is also a dominant customs broker along the U.S.-Canada border. Across North America, Livingston employs over 2,300 employees at approximately 100 key border points, seaports, airports and other strategic locations.
SOURCE Livingston International Inc.