M&A Deal Summary

Bison Transport Acquires Celadon Group - COFC Intermodal Division

On April 26, 2019, Bison Transport acquired transportation company Celadon Group - COFC Intermodal Division from Celadon Group

Acquisition Highlights
  • This is Bison Transport’s 2nd transaction in the Transportation sector.
  • This is Bison Transport’s 2nd transaction in the United States.
  • This is Bison Transport’s 1st transaction in Indiana.

M&A Deal Summary
Date 2019-04-26
Target Celadon Group - COFC Intermodal Division
Sector Transportation
Buyer(s) Bison Transport
Sellers(s) Celadon Group
Deal Type Divestiture

Target

Celadon Group - COFC Intermodal Division

Indianapolis, Indiana, United States
Celadon Group, Inc. - COFC Intermodal Division includes operating personnel, drivers, customer and supplier relationships, containers, and chassis, among other assets.

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Buyer(S) 1

Buyer

Bison Transport

Winnipeg, Manitoba, Canada
Category Company
Founded 1969
Sector Transportation
Employees3,700
DESCRIPTION

Bison Transport, Inc. is a provider of the largest carrier services in Canada with over 3,700 employees and contractors operating a fleet of 2,100 tractors and 6,000 trailers throughout North America.

DEAL STATS #
Overall 2 of 2
Sector (Transportation) 2 of 2
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-31 Britton Transport

Grand Forks, North Dakota, United States

Britton Transport, Inc. is a provider of reliable, safe and on-time transportation throughout North America.

Buy -

Seller(S) 1

SELLER

Celadon Group

Indianapolis, Indiana, United States
Category Company
Founded 1985
Sector Transportation
Employees5,979
Revenue 1.1B USD (2016)
DESCRIPTION
Celadon's corporate headquarters in Indianapolis, Indiana.
Celadon's corporate headquarters in Indianapolis, Indiana.

Celadon Group is a provider of long-haul and regional full-truckload freight services across the United States, Canada and Mexico. Celadon Group was incorporated in 1985 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 4 of 5
Sector (Transportation) 4 of 4
Type (Divestiture) 4 of 5
State (Indiana) 2 of 3
Country (United States) 4 of 5
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-15 Celadon Logistics Services

Indianapolis, Indiana, United States

Celadon Logistics Services is a non-asset based brokerage and 3PL provider, offering a full spectrum of non-asset transportation, supply chain, and warehousing solutions. Celadon Logistics Services was founded in 2007 and is based in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 Celadon Group - Transportation Assets

Indianapolis, Indiana, United States

Celadon Group's Transportation Assets is a provider of trucks and trailers.

Sell -
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