Add-on Acquisition • Transportation

Mullen Group Acquires Gardewine Group

On January 12, 2015, Mullen Group acquired transportation company Gardewine Group for 172M USD

Acquisition Context
  • This is Mullen Group’s 3rd transaction in the Transportation sector.
  • This is Mullen Group’s largest (disclosed) transaction.
  • This is Mullen Group’s 3rd transaction in Canada.
  • This is Mullen Group’s 1st transaction in Manitoba.

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M&A Deal Summary

Date January 12, 2015
Target Gardewine Group
Sector Transportation
Buyer(s) Mullen Group
Deal Type Add-on Acquisition
Deal Value 172M USD

Target Company

Gardewine Group

Winnipeg, Manitoba, Canada
Gardewine Group, Inc. is a provider of freight transportation services in Canada.
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Buyer Overview 1

Buyer

Mullen Group

Okotoks, Alberta, Canada

Category Company
Founded 1949
Sector Transportation
Employees8,070
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 3 of 18
Sector: Transportation 3 of 15
Type: Add-on Acquisition 3 of 17
State: Manitoba 1 of 2
Country: Canada 3 of 17
Year: 2015 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Hi-Way 9 Group of Companies

Okotoks, Alberta, Canada

Hi-Way 9 Group of Companies is a provider of trucking transportation services in Western Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 RDK Transportation Co.

Saskatoon, Saskatchewan, Canada

RDK Transportation Co., Inc. is an asset light owner operator business model and services the agricultural, construction and industrial sectors by providing truckload deck services throughout Canada and the continental United States.

Buy -