US logistics company, CH Robinson, has acquired Canadian freight forwarding, customs brokerage and surface transportation firm, Milgram & Company.
“Today, we are bringing one of Canada’s most respected forwarding companies into CH Robinson,” said John Wiehoff, Chairman and Chief Executive Officer of CH Robinson (pictured).
“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 CH Robinson, and Milgram provides another unique opportunity to strengthen our global forwarding and customs brokerage offerings in Canada. We look forward to working with Milgram’s customers to offer our full suite of logistics services to help improve their supply chains.”
Headquartered in Montreal, Quebec, Milgram employs approximately 330 employees and has six offices in Canada and one office in the US, reporting CA$155.3 million (€105.5 million) in gross revenues for the fiscal year ending 31 May 2017.
CH Robinson purchased Milgram for approximately CA$62 million (€42 million) in cash.
“We are excited to build on our success providing supply chain expertise and execution, refining processes, and being an integral part of our customers’ businesses,” said Jay Goldman, President and Chief Executive Officer of Milgram.
“We now look forward to collaborating with C.H. Robinson to grow our presence and provide our customers with the opportunity to leverage C.H. Robinson’s worldwide network and world-class service offerings.”
CH Robinson will integrate Milgram into its Global Forwarding division and single global technology platform, Navisphere.
“This acquisition strengthens our ability to continue to serve the world’s shippers and help them meet their global supply chain goals,” said Mike Short, President of C.H. Robinson’s Global Forwarding division.
“Milgram has built a successful business doing things the right way, serving customers, and exceeding their expectations. We look forward to bringing their talented team to C.H. Robinson.”