C.H. Robinson has acquired Canadian logistics provider Milgram, a forwarder with annual revenues of C$155m (US$124m).
In addition to freight forwarding and customs brokerage, Milgram also provides surface transportation and warehousing services, to 3,500 customers. Headquartered in Montreal, Quebec, Milgram has approximately 330 employees, six offices in Canada and one office in the United States.
C.H. Robinson purchased Milgram for approximately C$62m (US$50m) in cash.
“Today, we are bringing one of Canada’s most respected forwarding companies into C.H. Robinson,” said John Wiehoff, Chairman and Chief Executive Officer of C.H. Robinson. “This acquisition continues our global expansion and marks our third Global Forwarding acquisition in the past five years. We are extremely proud of the progress we have made in bringing these companies into C.H. Robinson, and Milgram provides another unique opportunity to strengthen our global forwarding and customs brokerage offerings in Canada.”
C.H. Robinson’s Global Forwarding business currently serves five continents and 31 countries, with over 4,000 employees and 125 offices worldwide, and claims to be the largest non-vessel operator (NVO) from China to the United States.
Source: C.H. Robinson
