M&A Deal Summary

Hillcore Group Acquires MTE Logistix

On May 18, 2022, asset manager Hillcore Group acquired transportation company MTE Logistix

Acquisition Highlights
  • This is Hillcore Group’s 1st transaction in the Transportation sector.
  • This is Hillcore Group’s 8th transaction in Canada.
  • This is Hillcore Group’s 4th transaction in Alberta.

M&A Deal Summary
Date 2022-05-18
Target MTE Logistix
Sector Transportation
Buyer(s) Hillcore Group
Deal Type Buyout (LBO, MBO, MBI)

Target

MTE Logistix

Edmonton, Alberta, Canada
MTE Logistix is a provider of Third-party logistics (3PL) services. MTE Logistix operates more than 3.5 million square feet of warehouse space across multiple facilities in Edmonton and Calgary. MTE Logistix was founded in 1920 and is based in Edmonton, Alberta.

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Buyer(S) 1

Buyer

Hillcore Group

Toronto, Ontario, Canada
Category Asset Manager
Founded 2005
Size Large
Type Sector Focused
DESCRIPTION

Hillcore Group is a diversified Canadian investment and advisory firm. Hillcore operates through a variety of sector specific investment groups. These include life science, real estate, senior living, financial services, technology, industrial, energy, and agriculture. Hillcore will consider a variety of acquisition situations but generally prefers to partner with management in support of buyouts or buy-ins. Hillcore also considers shareholder liquidity situations. Hillcore Group was formed in 2005 and is based in Toronto.

DEAL STATS #
Overall 8 of 15
Sector (Transportation) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 5 of 12
State (Alberta) 4 of 9
Country (Canada) 8 of 15
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Treeline Well Services

Calgary, Alberta, Canada

Treeline Well Services is a supplier of service rigs to the Western Canadian Oil and Gas Industry. Treeline Well Services was founded in 1997 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 Porter Warehousing & Distribution

Edmonton, Alberta, Canada

Porter Warehousing & Distribution is a provider of competitive and comprehensive logistics and warehousing services. The company specializes in pick and pack order fulfillment, from small, hand-picked parts to large industrial products. Porter Warehousing & Distribution was founded in 1977 and is based in Edmonton, Alberta.

Buy -
Mergr

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