C.H. Robinson Worldwide Inc. (Nasdaq: CHRW) has reached an agreement to acquire APC Logistics for approximately $225 million in cash, growing the buyer’s global presence. from a long-standing business relationship. The purchase stems from a long-standing business relationship with the target.
Melbourne, Australia-based APC Logistics, a privately held international freight forwarder, serves more than 3,000 clients. The target generated nearly $251 million in total revenue for the trailing 12 months ended June 30. The APC has offices in New Zealand. Tony Considine, CEO of APC Logistics, says the deal builds on the business relationship C.H. Robison and APC Logistics have had for more than 16 years.