Livingston enters new era under new ownership

January 20, 2010

Early January 20, 2010, Livingston International, CPP Investment Board (CPPIB) and Sterling Partners (Sterling) finalized the purchase of Livingston by the CPPIB/Sterling consortium. Livingston International is now once again a private company.

At Livingston, we are truly excited about what lies ahead for us. We are entering a new year and are witnessing the emergence of a new world economy. We have new owners, who are enthusiastic about our business, our people and our operational and technological capabilities. They recognize that Livingston is a market leader in Canada and in the United States, and they have indicated a strong level of confidence in our strategic direction. 
    We remain committed to maintaining our leadership position in customs brokerage; growing in the U.S. market; and enhancing our freight and other services. CPPIB and Sterling are anxious to help us accelerate our plans to grow and, ultimately, better meet the needs of our clients. 
    While we can expect to see some changes, many fundamental things remain: experienced management, dedicated staff and an unflagging commitment to our clients. I am confident that, with the support and backing of CPPIB and Sterling, Livingston will be stronger and more successful than ever before, to the benefit of our staff, our business partners and our clients.

Peter Luit
President and Chief Executive Officer
Livingston International, Inc.