APL Logistics, the supply chain management unit of Singapore’s NOL Group, has acquired Carmichael International Service, a Los Angeles-based customs broker and trade compliance company.
Terms of the deal were not announced.
Founded in 1961, Carmichael is one of the largest independent customs brokerage, trade compliance and consulting specialists in the U.S. It employs approximately 200 professionals in 10 major U.S. metropolitan markets: Los Angeles-Long Beach, New York-New Jersey, Chicago, San Francisco-Oakland, Seattle-Tacoma, Miami, Boston, Atlanta, Savannah and Memphis.
The two companies have worked closely together for nearly two decades, with Carmichael serving APL Logistics' customers’ U.S. brokerage and trade compliance needs. The transaction allows APL Logistics to bring the service in-house.
“This acquisition is vitally important to APL Logistics’ strategy to strengthen the integration of our international supply chain services,” Jim McAdam, president of APL Logistics, said in announcing the deal on Tuesday.