Mullen Group closes $172 mln buy of TriWest Capital's Gardewine
Mullen Group Ltd (TSX: MTL) has closed its previously announced acquisition of Gardewine Group LP, a portfolio company of Canadian private equity firm TriWest Capital Partners. The all-cash transaction had a final value of $172 million. Based in Winnipeg, Manitoba, Gardewine is a provider of regional less-than-truckload, truckload and specialized truckload services primarily in Manitoba and Ontario. TriWest invested in the company in partnership with management in 2008. Going forward, Mullen said Gardewine will operate as an indirect, wholly-owned subsidiary business.
12 January 2015•2 mins read
