PE-backed VersaCold acquires assets of Gary Heer Transport
VersaCold Logistic Services has bought the assets of Gary Heer Transport Ltd, a refrigerated provider of truckload cross-border transportation services between Western Canada and the United States. No financial terms were released. VersaCold, a Vancouver-based supply chain solutions company that handles temperature sensitive products, said the deal marks its entrance into the U.S. cross-border transportation market. It plans to launch a new subsidiary, VersaCold North America Transportation Solutions Ltd, this quarter. VersaCold is backed by real estate private equity firm KingSett Capital and Ivanhoé Cambridge, an affiliate of the Caisse de dépôt et placement du Québec.
9 February 2016•2 mins read
