CALGARY (Nov. 4, 1999) — Trimac Corp., one of Canada’s most diverse trucking operations, plans to invest up to $15 million in Cage Logistics Inc., a rig moving and oilfield heavy hauling company serving Alberta’s oilpatch.

It is Trimac’s first involvement in the oilfield transportation business. Rig moving is a specialized form of heavy hauling involving the dismantling, transportation, and rigging up of oil and gas drilling rigs.

The investment of cash and stock will represent about 40% ownership of Cage, whose principal operating division is Speedy Heavy Hauling, based in Taber, Alta., with additional operations in Vulcan and Red Deer.

Speedy’s fleet includes 66 trucks and approximately 180 trailers. Revenues for the 2000 fiscal year are expected to be in the $20 million range, said Cage president and CEO Gary Bikman.

Trimac said the investment is consistent with the company’s strategy of focusing on core transportation businesses. Although the highly cyclical petroleum services industry has been mired in a downturn, Trimac said the outlook for the sector is positive and that its investment in Cage offers “excellent prospects for growth, both internally and through acquisitions.”