US private equity firm Platinum Equity is considering a sale of logistics firm Livingston International amid growing investor appetite in the sector, according to people familiar with the matter.
Livingston, Canada’s largest customs broker, may attract interest from other investment funds, the people said, asking not to be identified because the matter is private. A transaction could value the Toronto-based company at $1 billion or more, the people said.
Los Angeles-based Platinum, led by founder Tom Gores, has about $36 billion in assets under management. Gores has a net worth of $8.1 billion, according to the Bloomberg Billionaires Index.
Read more: BNN Bloomberg
