PE-backed VersaCold to acquire Coastal Pacific Xpress
VersaCold Logistic Services has agreed to acquire Coastal Pacific Xpress, a Surrey, B.C.-based refrigerated carrier specializing in the shipping of perishable and ambient products across North America. No financial terms were disclosed for the deal, which is expected to close in the first half of 2016. The proposed acquisition follows VersaCold's buy last month of Gary Heer Transport Ltd. Based in Vancouver, Versacold is a supply chain solutions company. It is backed by Canadian real estate private equity firm KingSett Capital and Ivanhoé Cambridge, an affiliate of the Caisse de dépôt et placement du Québec.
14 March 2016•3 mins read
