M&A Deal Summary

Mullen Group Acquires QuadExpress

On June 30, 2021, Mullen Group acquired transportation company QuadExpress from Quad/Graphics for 40M USD

Acquisition Highlights
  • This is Mullen Group’s 11th transaction in the Transportation sector.
  • This is Mullen Group’s 2nd largest (disclosed) transaction.
  • This is Mullen Group’s 1st transaction in the United States.
  • This is Mullen Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2021-06-30
Target QuadExpress
Sector Transportation
Buyer(s) Mullen Group
Sellers(s) Quad/Graphics
Deal Type Divestiture
Deal Value 40M USD
Advisor(s) Mesirow Financial Holdings, Inc. (Financial)

Target

QuadExpress

Naperville, Illinois, United States
QuadExpress is a third-party logistics solutions partner dedicated to utilizing technology combined with diverse backgrounds and knowledge to develop custom transportation solutions. QuadExpress headquartered in Naperville, Illinois.

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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 14 of 17
Sector (Transportation) 11 of 14
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2021) 5 of 6
Size (of disclosed) 2 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Harris Transport

Winnipeg, Manitoba, Canada

Harris Transport is a trucking and brokerage company specializing in open deck transportation, serving customers throughout North America in the steel, agriculture equipment, industrial, construction, rail products, and energy industries. Harris operates a fleet of 50 company tractors, approximately 165 trailers. Harris Transport is based in Winnipeg, Manitoba.

Buy -

Seller(S) 1

SELLER

Quad/Graphics

Sussex, Wisconsin, United States

Category Company
Founded 1971
Sector Business Services
Employees13,000
Revenue 3.0B USD (2023)
DESCRIPTION

Quad/Graphics is a provider of print and multichannel solutions for consumer magazines, special interest publications, catalogs, retail inserts/circulars, direct mail, books, directories, and commercial and specialty products with 50-plus print-production facilities on three continents. Quad/Graphics was founded in 1971 and is based in Sussex, Wisconsin.


DEAL STATS #
Overall 4 of 4
Sector (Transportation) 2 of 2
Type (Divestiture) 3 of 3
State (Illinois) 2 of 2
Country (United States) 4 of 4
Year (2021) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-04 LSC Communications

Warrenville, Illinois, United States

LSC Communications is a provider of digital print, print-related services, and office products that serves the needs of publishers, merchandisers, and retailers. The Company’s service offering includes e-services, warehousing and fulfillment, and supply chain management. LSC utilizes a broad portfolio of technology capabilities coupled with consultative attention to clients' needs to increase speed to market, reduce costs, provide postal savings to customers, and improve efficiencies. LSC Communications is based in Warrenville, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 Dart

Morrisville, North Carolina, United States

Dart is an in-store digital media solutions provider that has been deploying its technology and services with various clients, including a large, nationwide retailer. Dart was founded in 2015 and is based in Morrisville, North Carolina.

Buy -