After a five-year wait, C.H. Robinson makes a broker acquisition.
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After a five-year wait, C.H. Robinson makes a broker acquisition. Specialized company DeSpir getting bought for barely more than 1X revenue. · Monday, June 22, 2026 At an investor conference in New York last month, C.H. Robinson CEO Dave Bozeman was asked whether the country's biggest 3PL was in the market for an acquisition, something that was not believed to have happened on his watch that began three years ago. Bozeman suggested at the time that the wait might be coming to an end. "We said we're going to be disciplined and measured," Bozeman said at the Wolfe Research Global Transportation & Industrial Research Conference. "Robinson has been around 120 years and has always done M&A. It's just one of those things." Bozeman said the "ratios are good" at C.H. Robinson (NASDAQ: CHRW) for an acquisition, "and we feel like we've got the mousetrap that's built, and we think that will serve us well." On Monday, the wait ended. Sort of. Specialized target C.H. Robinson announced it was acquiring DeSpir Logistics, an Illinois-based "specialized provider of secure transportation and cargo escort services," according to C.H. Robinson. DeSpir targets a market that C.H. Robinson described as "mission-critical, high-value freight across North America." The cost of acquiring DeSpir is a minor figure: $75 million for a company that had $62 million in revenues last year, for a...
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