Business Management Bess Tank Lines buys Cooney’s Farm Services May 6, 2014 CALGARY, Alta. -- Trucknews.com has learned Bess Tank Lines has purchased High River, Alta.-based Cooney’s Farm Services.
Business Management Contrans sells off waste collection subsidiaries April 28, 2014 WOODSTOCK, Ont. -- Contrans Group has announced it is selling its waste collection businesses to GFL Environmental.
Business Management B.J. Bear bought by American refuse company April 23, 2014 KITCHENER, Ont. -- B.J. Bear Grain Co. has been purchased by Custom Ecology, a US-based waste hauler that was looking to expand its Canadian presence.
Business Management RTL-Westcan buys Silverman Oilfield Services April 21, 2014 NEILBURG, Sask. -- RTL-Westcan, itself acquired late last year by Kenan Advantage Group, has announced the purchase of Silverman Oilfield Services.
Business Management Taking Care of Business: Borrowing for profit March 12, 2014 If you are a CEO, business owner or executive looking to sell your company, your potential buyer group will most likely include private equity firms. To gauge the potential interest level of private equity firms, you should develop an...
Business Management ITS buys David Cordingley Transport February 18, 2014 BELLEVILLE, Ont. -- International Truckload Services (ITS) has purchased Brantford, Ont.-based David Cordingley Transport (DCT).
Business Management VERSPEETEN BUYS MOE’S February 18, 2014 The biggest news of the past couple weeks was undoubtedly Verspeeten Cartage’s acquisition of Moe’s Transport. This was an ambitious move by Verspeeten. Think about this for a second: Verspeeten, the buyer, runs about 280 tractors...
Business Management ITS BUYS DCT February 18, 2014 International Truckload Services (ITS) is growing again, having acquired David Cordingley Transport (DCT). Two years ago, at around this time, ITS bought CSI Logistics. I deconstructed that deal in this piece, Anatomy of an Acquisition. CSI...
Business Management HOW WILL LOONIE’S SWAN DIVE IMPACT M&A ACTIVITY? February 18, 2014 In the March issue of Truck News, look for a report on how a rapidly depreciating Loonie is impacting various aspects of trucking. In the article, I explored how the Loonie’s descent affects: drivers and owner/operators; carrier revenue;...
Business Management Bottom Line: It depends February 14, 2014 It’s like clockwork. Whenever someone calls me about selling their company, they respond to my spiel with the exact same question: “What’s my business worth?”
Business Management M&A Insights: Backlog of deals could set stage for busy 2014 January 30, 2014 We all had high expectations for 2013. A favourable lending environment, deep piles of private equity “dry powder” sitting on the side lines ready to invest and US tax issues seemingly put to rest set up an environment ripe for...
Business Management Verspeeten Cartage buys Moe’s January 24, 2014 INGERSOLL, Ont. -- Trucknews.com has learned that automotive trucking company Verspeeten Cartage has purchased Moe’s Transport.
Business Management TRANSFORCE: GRINCH OR SANTA CLAUS? January 7, 2014 The last time I wrote, on Christmas Eve, you may recall TransForce had submitted a “superior offer” for Vitran’s Canadian LTL operations of US$6.50/share, threatening to derail Manitoulin’s initial agreement to acquire...
Business Management UPDATED: Manitoulin steps aside, TransForce wins Vitran deal December 30, 2013 TORONTO, Ont. -- Vitran Corp. has terminated its agreement with Manitoulin Transport and will instead be acquired by TransForce.
Business Management BIDDING WAR FOR VITRAN IS ON December 24, 2013 Well, this is the final edition of Hooked Up to be published in 2013. I hope you’re reading it with your feet up, in front of the fireplace, a beverage at your side. And I really hope I’m doing the same. I want to wish all our...