COMPETITION WATCH: Canada Cartage Diversified Income Fund shareholders approve sale of company

Truck News

TORONTO, Ont. — Canada Cartage Diversified Income Funds unitholders have decided to sell the companys assets to Nautic Partners. Nautic Partners is a middle-market private equity firm with more than $1.8 billion of equity capital under management.

The closing of the transaction is anticipated to occur on or about July 6. The companys units are expected to be redeemed on or about July 6 in connection with the closing, after which Canada Cartage will cease to be a reporting issuer and will be wound up.

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