M&A Deal Summary

Mullen Group Acquires Babine Truck

On April 16, 2021, Mullen Group acquired automotive company Babine Truck

Acquisition Highlights
  • This is Mullen Group’s 1st transaction in the Automotive sector.
  • This is Mullen Group’s 12th transaction in Canada.
  • This is Mullen Group’s 4th transaction in British Columbia.

M&A Deal Summary

Date 2021-04-16
Target Babine Truck
Sector Automotive
Buyer(s) Mullen Group
Deal Type Add-on Acquisition

Target

Babine Truck

Prince George, British Columbia, Canada
Babine Truck is an Original Equipment Manufacturer dealership that operates from three (3) locations in British Columbia: Smithers, Prince George, and Prince Rupert. In addition to providing sales of OEM trucks and trailers, Babine provides equipment and maintenance to Bandstra Transportation as well as parts and service work that supports the natural resources, energy, and transportation industries. Babine Truck is based in Prince George, British Columbia.

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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 12 of 17
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 12 of 16
State (British Columbia) 4 of 5
Country (Canada) 12 of 16
Year (2021) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 Bandstra Transportation Systems

Smithers, British Columbia, Canada

Bandstra Transportation Systems provides a wide range of transportation and logistics services to communities in northern British Columbia including truckload; general freight; less-than-truckload; and specialized hauling services. Bandstra Transportation Systems operate a fleet of approximately 180 power units, 360 trailers, and 70 pieces of support equipment. Bandstra Transportation Systems was founded in 1955 and is based in Smithers, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Tripoint Intermodel Services

Mississauga, Ontario, Canada

Tripoint Intermodel Services provides container drayage service within the Greater Toronto Area (GTA) and southern Ontario through a combination of company trucks, owner-operators and a fleet of approximately 190 chassis trailers. Tripoint Intermodel Services was founded in 2005 and is based in Mississauga, Ontario.

Buy -