OKOTOKS, AB, July 2, 2021 /PRNewswire/ - (TSX: MTL) Mullen Group Ltd. ("Mullen Group", "We", "Our" and/or the "Corporation") is pleased to announce that it has acquired Winnipeg, Manitoba, based R.S. Harris Transport Ltd. ("Harris"). A definitive share purchase agreement was signed, and the acquisition closed on July 1, 2021.
"This acquisition reinforces what we have articulated to shareholders for some time – we will always invest in opportunities that strengthen our existing Business Units. Harris has an established name in the Canadian trucking industry with a solid reputation for customer service as well as being a formidable competitor. Today I am pleased to announce that we have acquired another good Canadian company. Over the next few months, we will work with the customers and employees to transition the business of Harris into the Gardewine Group of Companies, the best way to realize synergies," commented Mr. Murray K. Mullen, Chairman and Chief Executive Officer.
Harris is an industry leading trucking and brokerage company specializing in open deck transportation, with more than 35 years of experience serving customers throughout North America in the steel, agriculture equipment, industrial, construction, rail products, and energy industries. Harris operates a fleet of 50 company tractors, approximately 165 trailers and generates in excess of $25.0 million in annualized revenue.
"This strategic acquisition allows the Gardewine Group to compliment multiple offerings within our group, including multimodal transload. We are excited to bring Harris under our umbrella, allowing customers and employees next level experience. Congratulations to Kyle Harris and his team on their successes over the years," said Mr. Darin Downey, President and Chief Operating Officer of Gardewine Group Limited Partnership.
Harris will operate within our Gardewine Group of Companies