Thursday, October 17, 2013

US Customs Brokerage and Freight Forwarding Outfit Buys Canadian Rival

Terms of Deal Undisclosed
Shipping News Feature

US – CANADA – Illinois headquartered Livingston International, started post-war by sports fanatic Gerry Livingston as an export packing company, has since grown into a major customs brokerage and freight forwarding group, has acquired the assets of Ontario headquartered Advantex Express Inc. as well as the shares of its US subsidiaries. Livingston CEO Steve Preston, and who only took up the job in August, said in a statement:

“With the acquisition of this transportation services and customs brokerage firm, Livingston is further expanding its Canadian and US freight forwarding and brokerage operations, while giving us additional ground freight audit capabilities.”

Terms of the deal have not been publicised and Advantex’s suite of services is very similar to that of its new parent company. Advantex President Greg Richard, who founded the company in 1987, along with three partners, said of the deal:

“Livingston’s extensive coverage in Canada and the US, particularly in key regional air/sea markets and along the US southern border, will benefit our customers and offer additional career opportunities for our employees.”