Legacy Capital Announces the Acquisition of MBLX, Inc and MBLX, Resources, LLC by Livingston International
New Orleans, LA, January 14, 2013 – Legacy Capital (www.legacycapital.com) announced today that its clients, New Orleans, Louisiana-based MBLX, Inc. and MBLX Resources, LLC. (“MBLX”), have been acquired by Livingston International. MBLX was advised by Legacy Capital, a New Orleans based investment bank and member of FINRA.
The acquisition of this barge freight handling and forwarding business gives Livingston additional freight forwarding expertise and a new service offering to present to a growing base of clients in diverse industries.
Formerly affiliated with M.G. Maher and Company, Inc. (“Maher”), acquired by Livingston International in April 2012, “MBLX serves a growing river logistics market in the United States, providing full barge load and less-than-barge load services to companies shipping raw and bulk materials as well as finished products and manufactured goods into and within the U.S.,” said Peter Luit, Livingston’s president and CEO . “As part of Livingston, MBLX will be able to continue to serve these clients seamlessly and offer them a more robust line of services in North America.”
MBLX will become an important component of Livingston’s international freight forwarding business, now led by former Maher and MBLX president, David Schulingkamp, vice president, international freight forwarding, Livingston U.S.A. The addition of this business should create new growth opportunities for staff as well as clients.
Established in 1996, MBLX specializes in shipping bulk, break bulk, project cargo, steel and other non-ferrous metal products, heavy manufacturing goods and raw materials.
A leading North American customs broker focused on compliance, Livingston International also offers customs, consulting and global trade management services as well as international freight forwarding across North America and around the globe. With its U.S. air/sea hub located in Chicago and regional centers in Los Angeles, New York and Norfolk, Livingston is a dominant customs broker along the U.S.-Canada border. Livingston employs more than 2,700 employees at over 100 key border points, sea ports, airports and other strategic locations across North America as well as in Europe and Asia.