TORONTO – A couple of significant deals in the trucking world, announced earlier this summer, are progressing smoothly according to statements released this morning.

Transforce-Contrans

In Montreal, TransForce announced that its indirect, wholly-owned subsidiary, 2420785 Ontario Inc., will purchase 2,507,163 additional Class A subordinate voting shares of Contrans Group Inc. for $14.60 a share.

The company has already acquired 30,261,189 Class A subordinate voting shares. With the additional shares, it will have acquired 96.7% of the issued and outstanding Class A subordinate voting shares on a fully-diluted basis.

The company has acquired 100% of the Class B multiple voting shares.

When the deal was announced in July, it was estimated to be worth upward of $495 million.

Mullens-Kriska

Meanwhile, in Okotoks, Alta., the Mullen Group has announced that it has closed its investment transaction in a new transportation and logistics company, called Kriska Transportation Group Limited.

Mullen is partnering with Mark Seymour of Kriska Holdings Ltd., to create the new growth-orientated company.

Mullen Group contributed its interest in Mill Creek Motor Freight L.P. in exchange for a 30 percent equity interest in Kriska Transportation.

Mark Seymour contributed his interest in Kriska Holdings Limited in exchange for a 70 percent equity interest in Kriska Transportation.

Both Mill Creek and Kriska Holdings will operate as wholly owned subsidiaries of Kriska Transportation.