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Manitoulin acquires Montreal freight-forwarder ACS

Canadian transportation and logistics firm makes second acquisition in two weeks, purchasing a company specializing in moving refrigerated cargo and renewable energy components across the world.

Wind turbines are offloaded from a ship. ACS Logistics' specialties include shipments of products used to produce renewable energy. Photo: Dale Frost/Port of San Diego via Flickr

A Manitoulin Group subsidiary has acquired Associated Cargo Specialists, continuing to grow its freight-forwarding business with a Montreal-based firm specializing in moving refrigerated goods and renewable energy components. 

The Canadian transportation and logistics group’s freight-forwarding arm, Manitoulin Global Forwarding, purchased the company, which operates as ACS Logistics, for an undisclosed sum. 

Manitoulin announced the acquisition on October 21, two weeks after announcing the purchase of Miami-based freight-forwarder Demark Global Logistics. It acquired Houston-based freight-forwarder N/J International in November 2018.

“Our goal is not just to be the biggest international freight forwarder in Canada, but to be the most reliable global shipping partner to our customers. This acquisition strengthens our ability to service different vertical markets across the globe,” Dwayne Hihn, president of Manitoulin Global Forwarding said in a statement. 

ACS frequently handles cargo to Europe, Africa, South America, Australia and New Zealand. Apart from its Montreal headquarters, it has offices in Halifax and Toronto. 

Manitoulin said the newly acquired company will continue to operate as ACS. The purchase also helps Manitoulin’s business outside of its core trucking business, one of the largest in Canada.

“Building out our coverage and service offerings through acquisitions is second nature to Manitoulin as we strive to be the best in all of our businesses,”  Manitoulin CEO Gord Smith said in a statement.

Nate Tabak

Nate Tabak is a Toronto-based journalist and producer who covers cybersecurity and cross-border trucking and logistics for FreightWaves. He spent seven years reporting stories in the Balkans and Eastern Europe as a reporter, producer and editor based in Kosovo. He previously worked at newspapers in the San Francisco Bay Area, including the San Jose Mercury News. He graduated from UC Berkeley, where he studied the history of American policing. Contact Nate at [email protected].