WROXETER, Ont. — Celadon Trucking Services has announced the acquisition of Hyndman Transport, adding 175 tractors and $48 million in annual revenue to its Canadian division.
Hyndman, based in Wroxeter, Ont., offers domestic and cross-border trucking services. Terms of the deal were not disclosed, however Truck News reported last year that Celadon was looking to grow its Canadian fleet through acquisitions.
“Hyndman has been a well-respected Canadian truckload carrier that has provided a high level of dry van freight services for its customers since 1937,” said Paul Will, president and CEO, Celadon Trucking. “We believe this acquisition offers solid potential to expand our domestic Canada footprint and advance our overall growth plans by delivering growth in our dry van, cross-border transportation service offering.”
The company said Mike Campbell and Jeff Sippel, Hyndman’s president and CFO, respectively, will remain on to manage the business.
“We’re excited to work with Mike Campbell and Jeff Sippel, who will continue to help manage and service existing Hyndman business,” Will said. “We look forward to continuing to provide the quality service that the Hyndman core account base has come to expect. Based on previous acquisitions, we believe we can actually enhance that service through upgraded equipment, advanced technology, additional assets available for dispatch, and an industry leading safety record.”
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