M&A Deal Summary

Mullen Group Acquires Argus Carriers

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2019-07-02
Target Argus Carriers
Sector Transportation
Buyer(s) Mullen Group
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

Mullen Group

Okotoks, Alberta, Canada
Category Company
Founded 1949
Sector Transportation
Employees7,400
Revenue 2.0B CAD (2023)
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 STATS #
Overall 8 of 17
Sector (Transportation) 7 of 14
Type (Add-on Acquisition) 8 of 16
State (British Columbia) 2 of 5
Country (Canada) 8 of 16
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 -
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 -
Mergr

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