TORONTO, Ont. - - Livingston International has signed a purchase agreement to acquire the assets of Dell Will Customs Brokers Inc.
Canadian Dell Will Customs Brokers Inc. is a local customs broker with approximately 40 employees based in Windsor, Ontario. If completed, the acquisition would give Livingston greater traction in the Detroit-Windsor corridor, the busiest border crossing between the United States and Canada. This transaction fits into Livingston's business strategy to bolster its platform in Canada, said Livingston's president and CEO, Peter Luit.
Under the terms of the purchase agreement, Livingston would acquire the assets and client relationships of Dell Will Customs Brokers Inc. The transaction also includes select assets of sister company Dell Will Customs Brokers (USA) Inc., such that services currently performed by the U.S. entity on behalf of customers of the Canadian entity would move to Livingston International. No other assets of Dell Will Customs Brokers (USA) Inc. are included in the transaction.
The parties involved in this purchase agreement are in the process of finalizing certain legal formalities and other details. Assuming that these conditions can be met in the weeks ahead, Luit and Canadian Dell Will Customs Brokers Inc. president, Rich Will, anticipate that the transaction could close by mid-March 2012.
Headquartered in Toronto, Ontario, Livingston has over 2,300 employees located at approximately 100 key border points, seaports, airports and other strategic locations across the United States and Canada.