M&A Deal Summary

Canada Cartage Acquires Rapid Delivery

On September 9, 2021, Canada Cartage acquired transportation company Rapid Delivery

Acquisition Highlights
  • This is Canada Cartage’s 5th transaction in the Transportation sector.
  • This is Canada Cartage’s 5th transaction in Canada.
  • This is Canada Cartage’s 4th transaction in Ontario.

M&A Deal Summary
Date 2021-09-09
Target Rapid Delivery
Sector Transportation
Buyer(s) Canada Cartage
Deal Type Add-on Acquisition

Target

Rapid Delivery

London, Ontario, Canada
website
Rapid Delivery has been providing truckload, expedited, and dedicated transportation services since 1982. With terminals in London and Windsor, Ontario, Rapid provides domestic and cross-border freight services to customers in Ontario, Michigan, and Ohio with a focus on automotive, just-in-time deliveries.

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Buyer(S) 1

Buyer

Canada Cartage

Mississauga, Ontario, Canada

website

Category Company
Founded 1914
Sector Transportation
DESCRIPTION

Canada Cartage is a provider of customer-located, dedicated trucking services and warehouse solutions to specific customers and reside at their locations. Canada Cartage was founded in 1914 and is based in Mississauga, Ontario.

DEAL STATS #
Overall 5 of 6
Sector (Transportation) 5 of 6
Type (Add-on Acquisition) 5 of 6
State (Ontario) 4 of 4
Country (Canada) 5 of 6
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Stalco

Toronto, Ontario, Canada

Founded in 1994, Stalco is a full-service solution for clients requiring North American distribution expertise, including order fulfillment, inventory management, importation, warehousing, returns management, and cross-border shipping solutions. Stalco is site-licensed by Health Canada and offers regulatory guidance to their client base, as well as access to their on-demand white label inventory of over 25 popular health & beauty products. Stalco’s unique shipping platform provides clients with highly competitive costs and delivery times to reach their customers throughout North America and helps clients, with products manufactured overseas, to completely eliminate their duty costs when shipping to the U.S.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Laurentien

Bois-des-Filion, Quebec, Canada

Laurentien is a dedicated contract transportation provider that specializes in refrigerated freight services to large, well-known brands in grocery, pharmaceutical, food and beverage, and retail sectors. Laurentien was formed in 1960 and is based in Bois-des-Filion, Quebec.

Buy -
Mergr

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