M&A Deal Summary

Manitoulin Transport Acquires Canfleet Logistics

On December 2, 2014, Manitoulin Transport acquired transportation company Canfleet Logistics

Acquisition Highlights
  • This is Manitoulin Transport’s 6th transaction in the Transportation sector.
  • This is Manitoulin Transport’s 7th transaction in Canada.
  • This is Manitoulin Transport’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2014-12-02
Target Canfleet Logistics
Sector Transportation
Buyer(s) Manitoulin Transport
Deal Type Add-on Acquisition

Target

Canfleet Logistics

Vancouver, British Columbia, Canada
Canfleet has established itself as a trusted provider of integrated logistics solutions, ocean freight operations, and global supply chain management to customers in the lumber, agriculture, scrap metal, and automobile export industries. It also provides refrigerated transportation for perishable goods.

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Buyer(S) 1

Buyer

Manitoulin Transport

Gore Bay, Ontario, Canada
Category Company
Founded 1953
Sector Transportation
DESCRIPTION

Manitoulin Transport has the most extensive transportation network in North America, making it easy to provide dependable on-time delivery and faster transit times. Sustained by its 50 years experience, Manitoulin developed the transportation knowledge that is relied and trusted by clients in various industries. Manitoulin’s command of the transportation industry, together with its progressive technology, innovative equipment fleet and cross Canada locations can ship world confidently.

DEAL STATS #
Overall 7 of 8
Sector (Transportation) 6 of 7
Type (Add-on Acquisition) 6 of 7
State (British Columbia) 1 of 1
Country (Canada) 7 of 8
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-18 Cratex Industries

Edmonton, Alberta, Canada

Cratex Industries Ltd. Alberta’s largest crating, packaging and export services company, based in Edmonton. Cratex has been providing professional packaging for the shipment of manufactured goods since it was established in 1989. Company is a supplier to Alberta’s oil and gas technology services sector, the company’s offerings include: crating, skidding, poly wrap, container loading and unloading, mobile site teams and project packaging.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-05 Ridsdale Transport

Saskatoon, Saskatchewan, Canada

Ridsdale Transport Ltd. is a family-owned firm, Ridsdale Transport has been in business since 1949. It has an extensive LTL service in the Saskatchewan market with additional service offerings in Alberta and Manitoba. Operating with approximately 400 pieces of equipment within its network, Ridsdale provides service to more than 200 Saskatchewan points of service via scheduled less-than-truckload (LTL) and truckload (TL) lanes, as well as a dedicated expedited pickup and delivery service to meet non-scheduled transportation requirements. Ridsdale also provides courier service and other specialized service offerings, including warehouse storage, container service and contracted transportation.

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