SeaFort's Jardine Transport snatches up R.E.M Transport
Jardine Transport Ltd has acquired all of the outstanding shares of R.E.M Transport Ltd, a long-haul trucking company based in Saint Stephen, New Brunswick. No financial terms were disclosed for the buy of R.E.M, which operates a fleet of more than fifty power units and sixty trailers in Canada and the United States. Jardine, a long-haul carrier based in Fredericton, said the deal adds scale to its operations and increases network density. Founded in 1978, Jardine was acquired in 2015 by Canadian private equity firm SeaFort Capital. Earlier this week another SeaFort portfolio company, Cooper Equipment Rentals Ltd, also announced an add-on deal.
12 July 2017•2 mins read
