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XPO Logistics completes cross-border acquisition of freight brokerage operations of Kelron Logistics

August 2012
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On August 3, 2012, XPO Logistics, Inc. (NYSE: XPO) acquired the freight brokerage operations of Kelron Logistics Inc., a non-asset, third party logistics business based in Canada. The cash purchase price was $8 million, excluding any working capital adjustments. Founded in 1992, Kelron Logistics serves more than 1,000 customers through locations in Toronto, Vancouver, Montreal and Cleveland, Ohio.

XPO Logistics is a non-asset based, third-party logistics provider of freight transportation services that uses a network of relationships with more than 14,000 ground, sea and air carriers to find the best freight transportation solutions for its customers. The company serves more than 7,200 retail, commercial, manufacturing and industrial customers in North America through 25 branches and 25 agent locations.

Gowlings advised XPO Logistics in this transaction with a team that included Nurhan Aycan, Faran Umar-Khitab and David Kim (corporate); Christopher Andree and Patrick Glaude (employment – Ontario and Quebec); Dan Chapman (real estate); and Timothy Wach (tax).

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