Truck News

News

COMPETITION WATCH: Trimac acquires compressed gas transportation business

CALGARY, Alta. -- Trimac Income Fund announced today that Trimac Transportation Services Limited Partnership has co...


CALGARY, Alta. — Trimac Income Fund announced today that Trimac Transportation Services Limited Partnership has completed the purchase of the Alberta based business and assets of Logistics Express, Inc.

Logex is engaged in the transportation of liquefied gases such as oxygen, nitrogen and carbon dioxide primarily on behalf of industrial gas manufacturers. The fleet acquired includes 15 trailers and 31 independent contractors/leased tractors with annual revenues for the Alberta based business of approximately $6.0 million. The purchase price for the acquired business and assets is approximately $1.7 million and will be subject to final adjustment for working capital. Trimac’s U.S. affiliate concurrently acquired the U.S. based business and assets of Logex.


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
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published.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

*