M&A Deal Summary

Manitoulin Transport Acquires Penner International - Less-Than-Truckload Business

On April 19, 2011, Manitoulin Transport acquired transportation company Penner International - Less-Than-Truckload Business from Penner International Inc

Acquisition Highlights
  • This is Manitoulin Transport’s 2nd transaction in the Transportation sector.
  • This is Manitoulin Transport’s 2nd transaction in Canada.
  • This is Manitoulin Transport’s 1st transaction in Manitoba.

M&A Deal Summary
Date 2011-04-19
Target Penner International - Less-Than-Truckload Business
Sector Transportation
Buyer(s) Manitoulin Transport
Sellers(s) Penner International Inc
Deal Type Divestiture

Target

Penner International - Less-Than-Truckload Business

Manitoba, Canada
Penner International - Less-Than-Truckload Business operates through seven terminals: Toronto, Winnipeg, Edmonton, Calgary, and Surrey in Canada, and Minneapolis, Minn. and Fargo, N.D. in the United States. The primary consolidation points are Winnipeg and Minneapolis. The additional freight to and from the U.S. will allow Manitoulin to provide direct service coverage between Minneapolis and Winnipeg, improving service times to all of Western Canada.

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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 2 of 8
Sector (Transportation) 2 of 7
Type (Divestiture) 1 of 1
State (Manitoba) 1 of 1
Country (Canada) 2 of 8
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-16 Exalta Transport

Medicine Hat, Alberta, Canada

Exalta Transport is a regional carrier serving hundreds of communities in Alberta and Saskatchewan through a network of seven terminals and more than 300 pieces of company-owned equipment. Exalta Transport provides scheduled general freight service between terminals in Regina and Saskatoon, and among terminals in Brooks, Calgary, Edmonton, Lethbridge, Medicine Hat and other locations throughout Alberta. It also provides a through service between points in Alberta and Saskatchewan, and a truckload division between points in British Columbia, Alberta, Saskatchewan and Manitoba.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 Beler International

Regina, Saskatchewan, Canada

Beler International, Inc. is the longest-standing freight-forwarding company in Saskatchewan, according to company officials. Exporting predominantly from the prairie provinces, it serves clients around the world in the agricultural machinery marketplace.

Buy -

Seller(S) 1

SELLER

Penner International Inc

Steinbach, Manitoba, Canada
Category Company
Founded 1923
Sector Transportation
DESCRIPTION

Penner International Inc. has grown to be one of the most respected over the road carriers in the industry. Company specialize in Truckload Dry Van, International, and Domestic (Canada) transport.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Manitoba) 1 of 1
Country (Canada) 1 of 1
Year (2011) 1 of 1
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