Platinum to acquire Livingston International from CPPIB, Sterling
U.S. private equity firm Platinum Equity has agreed to acquire Livingston International Inc, a Toronto-based specialist in customs brokerage, freight forwarding and trade consulting. No financial terms were disclosed. The sellers are Canada Pension Plan Investment Board (CPPIB) and U.S. private equity firm Sterling Partners, which acquired the listed Livingston in 2010 for $324 million. Founded in 1945 by Gerry Livingston, and today led by CEO Dan McHugh, Livingston provides its customs brokerage and trade services to more than 30,000 businesses in North America and around the world. Before going public in 2002, the company was backed by Canadian private equity firm CAI Capital Partners.
21 February 2019•3 mins read
