Minneapolis, Minn.-based C.H. Robinson has acquired Canada-based Milgram & Co. Ltd., a freight forwarding, customs brokerage and surface transportation company.
“Today, we are bringing one of Canada’s most respected forwarding companies into C.H. Robinson,” John Wiehoff, chairman and CEO of C.H. Robinson, said in a news release. Wiehoff said the acquisition marks C.H. Robinson’s 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.”
With $124 million (U.S.) in gross revenue for the fiscal year ending May 31, Milgram has 3,500 customers and is based in Montreal, according to the release. The company has 330 employees, with six offices in Canada and one in the U.S.
C.H. Robinson paid $50 million (U.S.) for Milgram, according to the release.
“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,” Jay Goldman, president and CEO of Milgram, said in the release.
C.H. Robinson’s Global Forwarding business currently serves five continents and 31 countries, according to the release.
“This acquisition strengthens our ability to continue to serve the world’s shippers and help them meet their global supply chain goals,” Mike Short, president of C.H. Robinson’s Global Forwarding division, said in the release.