CH Robinson acquires Milgram for $50 million

Sept 2, 2017: A leading global third party logistics (3PL) company, CH Robinson, acquires the Canadian freight forwarding, customs brokerage and surface transportation company, Milgram & Company Ltd (Milgram). The total value of the deal is CA $62 million (approximately $50 million) in cash. The acquisition is expected to be approximately neutral to earnings in 2017 and slightly accretive in 2018 and will be financed through cash and funds are drawn from CH Robinson’s existing revolving credit facility.

“Today, we are bringing one of Canada’s most respected forwarding companies into CH Robinson. This acquisition continues our global expansion and marks our third Global Forwarding acquisition in the past five years. We are extremely proud of the progress we have made in bringing these companies into CH Robinson, and Milgram provides another unique opportunity to strengthen our global forwarding and customs brokerage offerings in Canada. We look forward to working with Milgram’s customers to offer our full suite of logistics services to help improve their supply chains,” said John Wiehoff, chairman and CEO of CH Robinson.

Milgram is a leading provider of customs brokerage and freight forwarding, in addition to providing surface transportation and warehousing services, to 3,500 active customers. Headquartered in Montreal, Quebec, Milgram has a headcount of 330 employees and has six offices in Canada and one office in the United States.

“We are excited to build on our success providing supply chain expertise and execution, refining processes, and being an integral part of our customers’ businesses. We now look forward to collaborating with CH Robinson to grow our presence and provide our customers with the opportunity to leverage CH Robinson’s worldwide network and world-class service offerings,” said Jay Goldman, President and Chief Executive Officer of Milgram & Company Ltd.

Said Mike Short, President of CH Robinson’s Global Forwarding division, “This acquisition strengthens our ability to continue to serve the world’s shippers and help them meet their global supply chain goals. Milgram has built a successful business doing things the right way, serving customers, and exceeding their expectations. We look forward to bringing their talented team to CH Robinson.”

CH Robinson’s Global Forwarding business currently serves five continents and 31 countries, with over 4,000 employees and 125 offices worldwide, and is the #1 non-vessel operator (NVO) from China to the United States. Global Forwarding customers leverage CH Robinson’s considerable freight volumes to access available capacity at competitive rates. CH Robinson will integrate Milgram into its Global Forwarding division and single global technology platform, Navisphere®.