Kuehne +Nagel picks up Farrow

Kuehne+Nagel Group is buying Farrow.

Farrow is one of the largest private and family-owned customs brokerage, trade consulting, and logistical services providers in North America.

Completion of the transaction is expected in the first quarter of 2024, as the acquisition is subject to approval from applicable regulatory authorities. Farrow’s company name, leadership team, and staff will remain intact under the leadership of chairman Rick Farrow.

“We have been looking for just the right fit for the next step in our company’s journey, and although many companies expressed interest, only one made sense – Kuehne+Nagel – as they are committed to upholding Farrow’s legacy and doing right by its valued colleagues and clients,” Farrow said.

“We are excited to take our successful, long-time family-owned business to the next level and welcome the opportunity to be part of one of the world’s leading logistics companies.”

Farrow recently acquired Link+ Corporation, a London, Ontario-based customs broker with additional Ontario locations in Cambridge and Cornwall.

This acquisition is Farrow’s fourth in the last three years and will afford Farrow further operational scale and client base, and provide Link+ with increased market coverage and additional tools and resources offered by a larger organization.

Hansjörg Rodi, executive vice-president, road logistics, at Kuehne+Nagel said the acquisition is part of K+N’s growth plan.

With over 80,000 employees at almost 1,300 sites in close to 100 countries, the Kuehne+Nagel Group is one of the world’s largest logistics providers. It has 400,000 customers worldwide.