Mullen Group Acquires B. & R. Eckel's Transport Ltd.
May 1, 2023
Mullen Group Ltd. has entered into a share purchase agreement to acquire B. & R. Eckel's Transport Ltd., a Bonnyville, Alberta-based trucking and logistics operator. The acquisition, funded from Mullen's cash and credit lines, adds 16 facilities, a fleet of ~400 power units and over 950 trailers, ~420 employees and approximately $85.0 million in annualized revenue, expanding Mullen's presence in Northeastern Alberta and energy-focused hauling capabilities.
- Buyers
- Mullen Group Ltd.
- Targets
- B. & R. Eckel's Transport Ltd.
- Sellers
- Ringuette family
- Industry
- Logistics & Distribution
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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