Add-on Acquisition • Transportation

Mullen Group Acquires Argus Carriers

On July 2, 2019, Mullen Group acquired transportation company Argus Carriers

Acquisition Context

This is Mullen Group’s 7th transaction in the Transportation sector.
This is Mullen Group’s 8th transaction in Canada.
This is Mullen Group’s 2nd transaction in British Columbia.

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M&A Deal Summary
Date	July 2, 2019
Target	Argus Carriers
Sector	Transportation
Buyer(s)	Mullen Group
Deal Type	Add-on Acquisition

Target Company

Argus Carriers

Burnaby, British Columbia, Canada

Argus Carriers Ltd. operates a fleet of 57 trucks and 46 trailers providing general freight services including local pick-up and delivery, warehousing, regional less-than-truckload ("LTL"), dedicated and linehaul trucking from four British Columbia operating terminals - Burnaby, Kelowna, Victoria, and Nanaimo. In addition, Argus provides daily LTL service to the Pacific Northwest of the United States.

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Buyer Overview 1

Buyer

Mullen Group

Okotoks, Alberta, Canada

Category	Company
Founded	1949
Sector	Transportation
Employees	8,070
Revenue	2.0B CAD (2024)

DESCRIPTION

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.

Deal Context for Buyer	#
Overall	8 of 18
Sector: Transportation	7 of 15
Type: Add-on Acquisition	8 of 17
State: British Columbia	2 of 5
Country: Canada	8 of 17
Year: 2019	2 of 2

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2019-07-02	Inter-Urban Delivery Service Abbotsford, British Columbia, Canada Inter-Urban Delivery Service Ltd. operates 43 trucks and 26 trailers focusing on critical same day delivery service for the healthcare sector including cross border linehaul, cross-border LTL cartage, dedicated and local pick-up, and delivery. Inter-Urban operates from one terminal based in Abbotsford, British Columbia.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2019-07-02

Inter-Urban Delivery Service

Abbotsford, British Columbia, Canada

Inter-Urban Delivery Service Ltd. operates 43 trucks and 26 trailers focusing on critical same day delivery service for the healthcare sector including cross border linehaul, cross-border LTL cartage, dedicated and local pick-up, and delivery. Inter-Urban operates from one terminal based in Abbotsford, British Columbia.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2020-10-02	International Warehousing & Distribution Mississauga, Ontario, Canada International Warehousing & Distribution, Inc. is a provider of customs sufferance warehousing services, air import/export deliveries. International Warehousing & Distribution is based in Mississauga, Ontario.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2020-10-02

International Warehousing & Distribution

Mississauga, Ontario, Canada

International Warehousing & Distribution, Inc. is a provider of customs sufferance warehousing services, air import/export deliveries. International Warehousing & Distribution is based in Mississauga, Ontario.

Buy

Explore Related M&A Activity

Transportation M&A - Add-on Acquisition M&A Deals - British Columbia M&A - Canada M&A - 2019 M&A