logo
logo

Manitoulin Global Forwarding expands into Central America with acquisition of Multimodal

Sep 20, 2024•12 months ago

Acquiring Company

Manitoulin Global Forwarding

Acquired Company

Multimodal

MississaugaLa Asunción de BelénTransportationSupply Chain ManagementLogistics

Description

Manitoulin Global Forwarding, a division of the Manitoulin Group of Companies, strategically acquires Multimodal, a family-owned Costa Rican company. This acquisition marks a significant step in MGF's expansion into Central America, broadening its market presence and enhancing its service capabilities, reinforcing its commitment to delivering high-quality logistics solutions.

Company Information

Company

Manitoulin Global Forwarding

Location

Mississauga, Ontario, Canada

About

Manitoulin Global Forwarding is a division of the Manitoulin Group of Companies, one of Canada’s largest international freight forwarding solutions providers, with a rich history dating back to 1953. It provides logistics solutions across more than 220 countries and territories worldwide.

Related People

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed