Livingston settling under new ownership

TORONTO — Customs brokerage and logistics firm Livingston International, once again a private company now that its purchase by the CPP Investment Board and Sterling Partners has been finalized, says it expects big things for the future.

"We are entering a new year and are witnessing the emergence of a new world economy. We have new owners, who are enthusiastic about our business, our people and our operational and technological capabilities," the company said in a press release.

Livingston say sit will focus on "maintaining leadership" in customs brokerage; growing in the U.S. market; and enhancing freight services.

In November, The Mullen Group, the Calgary-based truckload and energy services giant, made a last minute, all-stock rival bid for Livingston, but the brokerage firm’s board was ultimately "underwhelmed" by the offer.