DALLAS – Manitoulin Global Forwarding (MGF) purchased Demark Global Logistics, Inc. (Demark) in October 2019. Details of the transaction were not disclosed.
Established in 1991, and located in Miami, FL, Demark provides freight forwarding, customs brokerage, and warehousing. Specializing in logistics solutions for general commodities, textiles and furniture, Demark has an additional location in New Jersey and a network of agents around the world.
“We are thrilled to welcome Demark into the ever-expanding Manitoulin family,” said Dwayne Hihn, president of Mississauga, Ontario-based MGF.
“For nearly 30 years, Demark’s customers have relied on them for their global expertise and quality service. Demark, like Manitoulin, has built their business from the ground up, fully committed to doing what’s best for the customer, with a constant eye on predicting and meeting customers’ evolving needs, solving problems and getting the job done.”
“We are confident that our customers will be in excellent hands with MGF and will experience a seamless transition,” said Mirna Ramirez, president and CEO of Demark.
“It was important for us to hand over the reins of our family business to a reputable company that strives to make a difference for their customers.”
MGF is a member of Manitoulin Group of Companies, serving 220 countries and territories worldwide through its offices in Canada, the United States, and Mexico.
The deal was brokered by Generational Equity executive managing director of M&A – eastern region, David Fergusson and his team, led by managing director, Barry DeWitt, and supported by vice-president mergers and acquisitions, Alex Mironov. Senior managing director Roger Dean established the initial relationship with Demark.