LOS ANGELES – Platinum Equity today announced it has completed the acquisition of North American Customs brokerage and trade services firm Livingston International.
Headquartered in Toronto, Ontario, with U.S. headquarters in Chicago, Illinois, Livingston International is the largest pure-play Customs brokerage in North America and boasts the widest presence along America’s northern border. It is also the third-largest Customs entry filer in the United States.
The company serves as adviser to more than 30,000 businesses globally, facilitating the completion and transmission of Customs documentation and ensuring goods are cleared through international borders seamlessly and expediently.
Livingston also provides global trade management services, including trade consulting and Customs compliance, helping businesses optimize their use of free trade agreements, mitigate compliance risk and recover duties where possible.
Platinum Equity is a global private equity firm with approximately $13 billion of assets under management and a highly specialized focus on business operations. Platinum Equity specializes in mergers, acquisitions and operations, acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries.
“Livingston has served as a critical partner to businesses around the world as they react and adapt to changes in the global trade environment,” said Dan McHugh, CEO, Livingston International.
“We are excited about the possibilities that lie ahead and look forward to benefiting from Platinum’s dedicated resources and counsel as we continue to focus on providing best-in-class brokerage, freight forwarding and trade management solutions.”
In addition to its role as a trusted Customs broker and adviser, Livingston offers international freight forwarding solutions with special emphasis on North American transportation and global air and sea freight capabilities. Its freight solutions also include value-added services, such as warehousing, barge services and project cargo.
Livingston employs approximately 3,200 at more than 100 key border points, sea ports, airports and other strategic locations across North America, Europe and Asia.