10.03.2021
Artikel Nummer: 35535
Canada: expanding LTL segment
Mullen Group, one of Canada's largest logistics providers, has signed a letter of intent to acquire Mississauga based APPS Transport Group.
The agreement envisages standard due diligence and the execution of a purchase and sale agreement, both of which have been initiated. The transaction is scheduled to close on 1 June 2021, subject to regulatory approval.
APPS provides less-than-truckload (LTL) along with truckload, intermodal and some warehousing services primarily from its head office in Mississauga, Ontario, with services extending into five locations throughout western Canada. APPS will operate within Mullen Group's LTL segment and is expected to generate annualised revenue of USD 90.0 million. (ben)