C.H. Robinson acquires Canadian freight forwarder Milgram & Company

C.H. Robinson, a leading global third party logistics (3PL) company, continues to expand its global presence with the acquisition of Milgram & Company Ltd. (“Milgram”), one of Canada’s best managed international freight forwarding companies.

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, the company employs approximately 330 employees and has six offices in Canada and one office in the United States. Milgram is a gold standard winner of Canada’s Best Managed Companies®. For the fiscal year ending May 31, 2017, Milgram had approximately CAD 155.3 million CAD (approximately USD 124 million) in gross revenues.

“This transaction 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 C.H. Robinson, and Milgram provides another unique opportunity to strengthen our global forwarding and customs brokerage offerings in Canada,” says John Wiehoff, Chairman and Chief Executive Officer of C.H. Robinson.

C.H. Robinson purchased Milgram & Company Ltd. for approximately CAD 62 million CAD (approximately USD 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 drawn from C.H. Robinson’s existing revolving credit facility.

C.H. Robinson will integrate Milgram into its Global Forwarding division and single global technology platform, Navisphere®. This 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 C.H. Robinson’s considerable freight volumes to access available capacity at competitive rates.

“This acquisition strengthens our ability to continue to serve the world’s shippers and help them meet their global supply chain goals,” says Mike Short, President of C.H. Robinson’s Global Forwarding division. “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 C.H. Robinson.”

www.chrobinson.com; www.milgram.com