Canada Cartage, a portfolio company of U.S. private equity firm Nautic Partners, has agreed to purchase Vanguard Global Services Inc, a third-party logistics business based in Mississauga, Ontario. The deal, the financial terms of which were not released, is expected to be closed in January. Canada Cartage, a provider of trucking services in Canada, said the acquisition will bring additional transportation management expertise and technology to its logistics portfolio. Founded in 1914, the company was taken private by Nautic Partners in July 2007 for approximately US$173 million.
Canada Cartage Announces Proposed Acquisition of Vanguard Global Services
Combined Companies Will Provide Complete Asset and Non-Asset Based Transportation Solutions to North American Companies
TORONTO, ONTARIO, Dec 15, 2014 (Marketwired via COMTEX) — Canada Cartage, the country’s largest asset-based fleet outsourcing provider, announced today the proposed acquisition of Mississauga-based Vanguard Global Services Inc. Vanguard is a third-party logistics firm that has been providing innovative, customized supply chain solutions to Canadian and U.S. companies since 1999. The transaction is expected to close in January, 2015.
The addition of Vanguard to the Canada Cartage group of companies brings additional transportation management expertise and leading-edge technology to the company’s logistics portfolio. Canada Cartage will now be able to deliver national fleet outsourcing, warehousing and distribution through their Direct Distribution Centres division, and complete third-party transportation management in both Canada and the U.S. through Vanguard.
“We are very excited about adding the expertise and experience of the Vanguard management team and staff to Canada Cartage,” said Jeff Lindsay, President and CEO of Canada Cartage. “Vanguard is a very successful and innovative company in the transportation management space, and they will allow us to bring a complete logistics solution to our customers.”
Vanguard President Richard Court believes that the combination of the two companies’ services will be beneficial to customers on both sides. “We like Canada Cartage’s leadership team and corporate culture, and look forward to building a successful partnership together, and with our customers”. Vanguard’s Vice President Sales and Marketing, Mark Bates, added “Canada Cartage has the resources and national footprint to help Vanguard’s customers achieve more efficient and cost-effective supply chain solutions.”
The financial details of the transaction were not disclosed, and the acquisition is expected to close by the end of January, 2015.
About Canada Cartage
Founded in 1914, Canada Cartage is Canada’s largest provider of outsourced fleet solutions, providing dedicated equipment and drivers to both small and large firms. Canada Cartage also provides a complete range of supply chain and logistics services under its subsidiary companies including Direct Distribution Centres, Direct2Home home delivery services, and third-party logistics through its FMS (Freight Management Services) division. For more information, visit www.canadacartage.com.
Founded in 1999, Vanguard is a non-asset based provider of third-party logistics services that specializes in developing customized transportation management solutions for customers. The Vanguard Ship+ solution is an internet-based program that provides shippers with multi-carrier management, resulting in cost efficiencies and simplicity in carrier management. In addition, the company provides truckload and less-than-truckload transportation management solutions, trans-border distribution programs, and order fulfillment and returns management through its Mississauga-based distribution centre. For more information about Vanguard, visit www.vanguarddelivers.com.
David Zavitz, Senior Vice President
1115 Cardiff Blvd., Mississauga ON L5S 1L8
905-564-2115 ext 4300
Vanguard Global Services
Richard Court, President
265 Export Blvd., Mississauga ON L5S 1Y4
905-670-9300 ext 225
SOURCE: Canada Cartage
Photo courtesy of Shutterstock