Manitoulin Acquires British Columbia Trucking firm, Courier

Canadian transportation and logistics firm Manitoulin Group has acquired British Columbia carrier Diamond Delivery and courier First Canadian Messenger in a deal that grows its presence in western Canada. 

The deal, announced Tuesday, adds 180 vehicles, seven terminals, and 150 service points for Ontario-based Manitoulin. The price was not disclosed.

Based in Surrey, Diamond Delivery provides truckload, LTL, temperature-controlled, flatbed, parcel, cross-border, and warehousing services. First Canadian Message provides same-day and overnight courier services in British Columbia's Lower Mainland, including Vancouver.

​​"We look forward to collaborating with Diamond Delivery and growing our respective freight volumes in the BC market," Jeff King, president of Manitoulin's trucking operation, Manitoulin Transport, said in a statement. 

Privately owned Manitoulin is one of Canada's largest transportation and logistics firms, with operations stretching across the country.

More coverage

Click for more articles by Nate Tabak

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. The content was purely for informational purposes only and not intended to be investing advice.

Image Sourced from Pixabay

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: M&AFreightFreightwavesPartner Content
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!