PLATINUM EQUITY SELLS LIVINGSTON INTERNATIONAL TO PUROLATOR
- Editor
- Feb 4
- 1 min read
What's Happening: Platinum Equity has sold Livingston International, a North American customs brokerage firm, to Purolator, Inc. The sale comes after a multi-year transformation of Livingston under Platinum Equity's ownership since 2019.
The Key Moves:
Livingston International, a trusted advisor to over 30,000 businesses in cross-border trade, has been acquired by Purolator, Inc.
Platinum Equity implemented significant enhancements to Livingston's digital capabilities and invested in talent, technology, and infrastructure.
The sale follows a multi-year transformation program aimed at optimizing Livingston's core offerings in customs brokerage and trade consulting services.
By The Numbers :
Livingston is Canada's largest customs broker and the fifth-largest entry filer in the United States.
Platinum Equity has more than $48 billion of assets under management.
Platinum Equity has completed over 450 acquisitions in the past 29 years.
Key Quotes:
"We worked with Livingston to transform the business using the full breadth of our financial and operational resources," said Platinum Equity Co-President Louis Samson.
"We believe Purolator will be an outstanding long-term partner for the business going forward," added Samson.
"We continue seeking opportunities to expand our portfolio of Canadian investments," explained Samson.
The Bottom Line: The sale of Livingston International marks a successful exit for Platinum Equity after implementing significant operational improvements. The transaction aligns with Platinum Equity's strategy of acquiring, transforming, and selling businesses. The firm continues to seek investment opportunities in Canada, leveraging its experience in the market.
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