ITN Logistics Acquired by Scan Global Logistics
Wrapping up 2024 on a high point, the Logisyn team is proud to have acted as sell-side advisor to ITN Logistics during their acquisition by Scan Global Logistics. This strategic partnership is a “win-win” for both companies, providing a great opportunity for Scan Global to expand its Canadian footprint and an ideal home for ITN’s team and customers.
Family-owned and operated for over 25 years, ITN Logistics is a world-renowned Logistics company based in Canada, supplying end-to-end services in global ocean & air freight, customs brokerage, trucking, warehousing, and distribution. Looking for a buyer who would preserve the company’s culture, values, and top-notch service, ITN’s CEO Monica Kennedy approached Logisyn to leverage our expertise to manage the search and intricacies of the M&A process.
“It was of utmost importance to me to find a strategic buyer whose culture meshed with ITN as I wanted to “dock this ship” knowing my ITN family was safe and protected. I knew it would be challenging for Logisyn to find that perfect match, but could not have done it without their masterful T&L knowledge. The process was intense, but their team kept me sane and grounded. Logisyn is really wonderful, and it’s been my pleasure to work with them.” - Monica Kennedy, President at ITN Logistics
Headquartered in the Nordic region of Europe, Scan Global Logistics is a global full-service logistics provider offering tailored solutions across air, ocean, rail, road, and warehousing. Given Logisyn’s extensive industry knowledge and global buyer relationships, our team identified Scan Global as an ideal partner for ITN’s future. Both companies’ core values and commitment to their customers were perfectly aligned. ITN’s comprehensive Canadian locations, team, and network, provide the perfect home base for strengthening Scan Global’s offerings in the country and beyond.
“We are honored to have been entrusted by the ITN ownership to undertake the vital task of finding the best future home for their staff and customers. The professionalism of Monica Kennedy, the entirety of the ownership, and the company is unparalleled, and working closely together on this project has been a privilege. Utilizing Logisyn’s large global industry network, narrowing down the buyer landscape to the top candidates was key to finding the best strategic and cultural fit. We are very happy with the outcome for these two great companies and wish them all the success in their unified path forward.” - Mikael Olesen, Managing Director at Logisyn
As with every transaction, the Logisyn team is committed to delivering on each of our clients’ specific goals and creating new partnerships that benefit both sides - This deal is no exception.
Read more in Scan Global Logistics’ official press release. Read more about our success stories in Logisyn’s Announced Transactions.