Trimac acquires petroleum hauling business
CALGARY — Trimac Transportation Services has completed the purchase of the petroleum hauling business and related assets of Stan Fergusson Fuels.
The eastern Ontario-based business was purchased by Trimac for $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,” commented Terry Owen, CEO of Trimac. “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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