COMPETITION WATCH: Alberta heavy-hauler acquires two fleets
SPRUCE GROVE, Alta. — Heavy-hauler Entrec Transportation Services has announced it is acquiring Alberta trucking firms Trak Equipment Haulers and Jay Reid Trucking.
Trak is based in Edmonton and specializes in the transportation of oversized and overweight equipment for the oil and gas and construction industries. The fleet operates in Alberta, B.C. and Saskatchewan and will be integrated into Entrec’s existing Spruce Grove division, the company announced.
“Serving the heavy haul transportation industry for over 25 years, this business will complement the strong presence we are developing in Western Canada,” said Rod Marlin, Entrec’s chairman and CEO. “We are experiencing a high demand for our services and this acquisition will help provide the additional equipment and manpower resources we need to meet this demand.”
Jay Reid Trucking is based in Bonnyville, Alta., and is also a transporter of oversized and overweight equipment, operating in Alberta and Saskatchewan. Entrac said it will combine Jay Reid Trucking with its existing Bonnyville division.
“This acquisition will be a great fit with our existing service offerings and will build on our previous acquisition of Max Oilfield Services Inc., completed earlier this year,” said Marlin. “This growth is significantly expanding our heavy haul transportation capabilities and is allowing us to meet the growing demand for these services.”
The Trak acquisition is expected to close Nov. 1 while the Jay Reid deal will close Oct. 24, the company announced. The two acquisitions add two pilot trucks, 12 specialized tractor units, more than 40 specialized trailers and other equipment to Entrec’s fleet.
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