C.H. Robinson has acquired Milgram & Company, a Canadian provider of freight forwarding, customs brokerage, and surface transportation. C.H. Robinson paid approximately $50 million in cash for the company.
“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. We look forward to working with Milgram’s customers to offer our full suite of logistics services to help improve their supply chains.”
Milgram is a leading provider of customs brokerage and freight forwarding, in addition to providing surface transportation and warehousing services, to 3,500 active customers. For the fiscal year that ended May 31, 2017, Milgram generated $124 mm in revenues.
Headquartered in Montreal, Quebec, Milgram employs approximately 330 employees and has six offices in Canada and one office in the United States. In additional to brokerage, freight forwarding and surface transportation services, the company also offers warehousing services to about 3,500 active customers.
“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 CEO of Milgram & Company Ltd. “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.”
C.H. Robinson said it will integrate Milgram into its Global Forwarding division and single global technology platform, Navisphere.
Did you know?
Job growth in August was below expectations with only 156,000 non-farm jobs added, according to the Labor Department. Trucking saw a decline with for-hire jobs losing 1,600 positions. The transportation and warehousing segment added 1,900 overrall.
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Hammer down everyone!