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
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.