Metro Supply Chain announced it has entered into an agreement to be acquired by Nippon Express Holdings (NX Group) in a transaction valued at up to C$2.2 billion, marking a significant step in the company’s long-term growth strategy. The deal, led by majority shareholder LDC alongside La Caisse, remains subject to regulatory approvals and is expected to close in the coming months.
Founded more than 50 years ago, Metro Supply Chain has grown into a leading logistics and supply chain solutions provider operating across Canada, the United States, and the United Kingdom. The company will join NX Group, a global logistics organization with operations in more than 50 countries, gaining access to expanded scale, resources, and a global network.
As part of the agreement, Metro Supply Chain will maintain its headquarters in Montréal and retain its existing management team, with day-to-day operations continuing under local leadership. NX Group has also committed to preserving the company’s workforce in Québec, ensuring continuity for employees and customers.
The transaction represents the culmination of a multi-year growth strategy under LDC’s ownership and positions Metro Supply Chain to further expand its presence in existing markets while entering new geographies. The partnership is expected to enhance the company’s ability to deliver integrated supply chain solutions supported by advanced technology, automation, and data-driven capabilities.
Support: Advisors on the transaction included J.P. Morgan as exclusive financial advisor to Metro Supply Chain, with Osler serving as legal advisor to the company, Stikeman Elliott advising LDC, and Borden Ladner Gervais LLP advising La Caisse.
KEY QUOTES
“Metro exemplifies that approach—earning the trust of its people, customers, and partners through a focus on relationships, operational excellence, and culture. This transaction recognizes the strength of what has been built and positions the company for its next phase of growth with a global partner that shares our values. With greater resources, and a global network, Metro is well positioned to deepen its presence in Canada, the U.S. and the U.K. and expand into new markets.”
Chiko Nanji, Founder And Group Chairman, Metro Supply Chain And Chairman, LDC
“This transaction gives Metro Supply Chain access to additional scale and investment, while allowing us to continue operating the business as we do today. Our leadership remains in place, and our focus continues to be on delivering for our customers. For our customers, this means continuity, with the same teams, no changes to service or existing agreements, and over time, the benefit of increased scale and investment.”
Chris Fenton, Group President And Chief Executive Officer, Metro Supply Chain
“The commitment to maintain the head office of this Canadian logistics leader in Québec, along with its management team and local workforce, was a key factor for us. This new partnership will enable Metro Supply Chain to build on its success and enter the next phase of its growth.”
Kim Thomassin, Executive Vice-President And Head Of Québec, La Caisse
“Metro Supply Chain represents a strong strategic fit for our group. Its capabilities, customer relationships, and market position in North America complement our global network and long-term growth strategy. We look forward to supporting Metro Supply Chain’s continued development while respecting its local leadership and strengths.”
Satoshi Otsuji, Senior Managing Executive Officer, Nippon Express Holdings
