Mullen Group - M&A Summary and Business Overview

TransportationCompany

Mullen Group M&A Summary

Mullen Group has acquired 17 companies, including 11 in the last 5 years.

Mullen Group’s largest acquisition to date was in 2015, when it acquired Gardewine Group for $172M. Mullen Group has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include transportation (83%) and automotive (6%).

Mullen Group Business Overview

Where is Mullen Group headquartered?

Mullen Group is headquartered in Okotoks, Alberta.

What is Mullen Group’s revenue?

Mullen Group disclosed revenue of 1,995M CAD for 2023 and 1,999M CAD for 2022.

How many employees does Mullen Group have?

Mullen Group has 7,400 employees.

What sector is Mullen Group in?

Mullen Group is a transportation company.

When was Mullen Group founded?

Mullen Group was founded in 1949.

M&A Summary

M&A Total Activity17
- M&A Buy Activity17
Total Sectors Invested 4
Total Countries Invested 2
M&A Buy/Sell Connections 1

Mullen Group

Mullen Group Ltd.

Chimney Rock Centre 121A-31 Southridge Drive,
Okotoks, Alberta T1S 2N3
Canada,
(403) 995-5200
www.mullen-group.com

Mullen Group provides a wide range of specialized transportation and related services to the oil and natural gas industry. Mullen Group was founded in 1949 and is based in Okotoks, Canada.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (1.8/yr)	#	8	1	6	-	1	1	17
Buy (1.8/yr)	vol	$172M		$40M				$212M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								17

Most Recent M&A

Company	Date	Value	Type
ContainerWorld Forwarding Services, Inc.	2024-01-17	-	Add-on Acquisition
Richmond, British Columbia · www.containerworld.com
B&R Eckel's Transport Ltd.	2023-05-01	-	Add-on Acquisition
Bonnyville, Alberta · www.breckels.com
R.S. Harris Transport Ltd.	2021-07-01	-	Add-on Acquisition
Winnipeg, Manitoba · www.harristransport.ca
QuadExpress	2021-06-30	40M USD	Divestiture
Naperville, Illinois · www.shipquadexpress.com
Tripoint Intermodel Services, Inc.	2021-06-24	-	Add-on Acquisition
Mississauga, Ontario · www.tripointintermodal.com
Bandstra Transportation Systems Ltd.	2021-04-16	-	Add-on Acquisition
Smithers, British Columbia · www.bandstra.com
Babine Truck & Equipment Ltd.	2021-04-16	-	Add-on Acquisition
Prince George, British Columbia · www.babinetruck.com
Apps Transport Group	2021-03-08	-	Add-on Acquisition
Mississauga, Ontario · www.appsexpress.com
International Warehousing & Distribution, Inc.	2020-10-02	-	Add-on Acquisition
Mississauga, Ontario · www.iwdgroup.com
Argus Carriers Ltd.	2019-07-02	-	Add-on Acquisition
Burnaby, British Columbia · www.arguscarriers.com
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Transportation	14 (82%)	212M (100%)	-	-
Automotive	1 (6%)	-	-	-
Distribution	1 (6%)	-	-	-
Energy Services and Equipment	1 (6%)	-	-	-
Total	17	$212M	-	-

By Geo

State/Country		Buy	Value	Sell	Value
Canada		16	172M	-	-
	British Columbia	5	-	-	-
	Ontario	4	-	-	-
	Alberta	4	-	-	-
	Manitoba	2	172M	-	-
	Saskatchewan	1	-	-	-
United States		1	40M	-	-
	Illinois	1	40M	-	-
Domestic		16 (94%)	172M (81%)	-	-
Cross-border		1 (6%)	40M (19%)	-	-
Total		17	$212M	-	-

Deal Values

buy	#	Total
$100M to $1B	1	$172M
< $100M	1	$40M
TOTAL		$212M
Largest	Gardewine Group, Inc. $172M (2015-01-12)

M&A Connections

		Deals
Acquired from
Strategic(s)	6%	1 (6%)

Company Summary

SECTOR

Transportation

Revenue

1,995 1%	2023
1,999 36%	2022
1,477 27%	2021
1,164 9%	2020
1,279 2%	2019
1,261 11%	2018
1,138 10%	2017
1,035 15%	2016
1,214 15%	2015
1,428	2014
(millions of CAD)	Show More Show Less

Employees

7,400

Established

1949

Public

Toronto (TSX): MTL

Former Name

Mullen Group Income Fund

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Mullen Group - M&A Summary and Business Overview

TransportationCompany