Nautic Partners' Canada Cartage to buy Vanguard Global Services
Canada Cartage, a portfolio company of U.S. private equity firm Nautic Partners, has agreed to purchase Vanguard Global Services Inc, a third-party logistics business based in Mississauga, Ontario. The deal, the financial terms of which were not released, is expected to be closed in January. Canada Cartage, a provider of trucking services in Canada, said the acquisition will bring additional transportation management expertise and technology to its logistics portfolio. Founded in 1914, the company was taken private by Nautic Partners in July 2007 for approximately US$173 million.
15 December 2014•3 mins read
