Manitoulin Global Forwarding (MGF) is expanding its reach in the United States. The Canadian freight forwarder has acquired Demark Global Logistics of Miami, an international air and ocean forwarder, warehousing, and logistics business. Terms of the deal were not disclosed.
The acquisition, announced Monday, follows the acquisition of N/J International of Houston, Texas, last November, the first US company purchase for Manitoulin Global Forwarding, which has grown over the years through a series of acquisitions in Canada.
“Demark is a valuable addition to MGF given its strategic locations in the US, which enhances our ability to service all parts of the United States,” said Gord Smith, CEO of the Toronto-based Manitoulin Group of Companies, parent of MGF and trucking firm Manitoulin Transport.
MGF is one of several Canadian transportation and logistics companies looking for opportunities in the United States. TFI International, the Montreal-based transportation holding company, counts US-based truckload carriers CFI and Transport America among its subsidiaries.
Previous acquisitions, such as the April 2018 purchase of IPE Logistics (Canada), gave MGF a greater overseas presence, in that case in Asia. Other acquisitions added logistics services, such as temperature-controlled international transportation, to MGF’s portfolio.
Demark Global Logistics was founded in 1991 by president and CEO Mirna Ramirez. The company specializes in logistics solutions for textiles and furniture shippers, as well as general commodities. The forwarder has facilities in Florida and New Jersey, MGF said.