COMPETITION WATCH: Mullen buys Jay’s Moving & Storage

Truck News

REGINA, Sask. — Mullen Group announced today the acquisition of Jay’s Moving & Storage in a deal expected to close on June 1.

Jay’s, owned by Dennis Doehl and based in Regina, Sask., has been in business since 1964 and operates more than 600 trucks and trailers and 11 full-service terminals, providing LTL transportation services.

In 2010, the company was named Saskatchewan’s Business of the Year by the Saskatchewan Chamber of Commerce.

“We are extremely pleased to add Jay’s to our organization,” said Murray Mullen, chairman and CEO of Mullen Group. “Dennis Doehl is a true entrepreneur starting with just a couple of trucks nearly 50 years ago. His company has an exceptional reputation for providing outstanding service to its customers and we look forward to working with the management team to enhance the service offerings to Mullen Group’s existing customers and realizing on the potential synergies resulting from this acquisition. This is a great company with an established history and a strong management team. As such, we anticipate a quick and smooth transition.”

Mullen said Doehl would stay on for the remainder of the year to assist with the transition.

Jay’s will operate as a stand-alone company under the Mullen Group umbrella and is expected to add revenues of $35-$40 million.

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  • RE: Mullen buys Jay’s Moving and Storage.
    Is there something wrong with these numbers or am I missing something?
    Revenues of $35-$40 Million from more than 600 trucks only amounts to between $60,000.00 – $65,000.00 per truck. This is barely enough to pay the driver.