Truck News

Feature

Canada Cartage acquired by US equity firm

TORONTO, Ont. - A US equity firm has acquired Canada Cartage as part of a deal worth more than $140 million, the company confirmed.


TORONTO, Ont. – A US equity firm has acquired Canada Cartage as part of a deal worth more than $140 million, the company confirmed.

Nautic Partners CI LP of Providence, R.I. has agreed to pay $11.30 per share to acquire the income fund. Canada Cartage offers trucking, warehousing, distribution and logistics services in 12 Canadian cities.

It operates more than 1,500 trucks and 1,900 trailers and owns more than a million square feet of distribution and warehousing space. The deal is likely to be approved in late June.

– With files from the Canadian Press


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page


Have your say:

Your email address will not be published. Required fields are marked *

*