Mullen Group buys ‘formidable competitor’ R.S. Harris
Mullen Group announced it has purchased open deck hauler R.S. Harris Transport of Winnipeg, Man.
The deal closed July 1 and gives Mullen an additional $25 million in annualized revenue. Harris operates about 50 tractors and 165 trailers and for more than 35 years has hauled steel, agricultural equipment, industrial, construction and rail products.
“Harris has an established name in the Canadian trucking industry with a solid reputation for customer service as well as being a formidable competitor,” said Murray Mullen, chairman and CEO of Mullen Group.
“Today I am pleased to announce that we have acquired another good Canadian company. Over the next few months, we will work with the customers and employees to transition the business of Harris into the Gardewine Group of Companies, the best way to realize synergies.”
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.
We need to make all trucking companies that spent over 2 million in new equipment in 2020 or 2021 or in the purchase of other trucking companies to pay back any wage subsidy.. any trucking company with over 10,000 power units or 15,000 employees should not be allowed to buy out another trucking company unless they pay 10 percent of the purchase price into a special fund for parking and housing and treatment of sick or injured truck drivers.