COMPETITION WATCH: Trimac acquires Ontario-based petroleum hauling business

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CALGARY, Alta. — Trimac Transportation Services Limited Partnership has completed the purchase of the petroleum hauling business and related assets of Stan Fergusson Fuels based in eastern Ontario. The purchase price for the business was $4.1 million and includes a fleet of 17 tractors and 17 trailers with annual revenues of approximately $5.6 million.

“We are excited to have Fergusson Fuels become a part of the Trimac organization, said Trimac CEO, Terry Owen. Fergusson Fuels expands our customer base and geographic footprint of petroleum operations in Ontario and is expected to be accretive immediately due to synergies associated with other Trimac operations.”

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