PE-backed Canada Cartage wraps up acquisition of D.J. Knoll Transport

Canada Cartage recently closed its previously announced purchase of D.J. Knoll Transport Ltd, an asset-based transportation business based in White City, Saskatchewan. The financial details of the transaction were not released. Headquartered in Mississauga, Ontario, Canada Cartage is a fleet outsourcing transportation and supply chain provider. It has been a portfolio company of U.S. private equity firm Nautic Partners since 2007.

PRESS RELEASE

Canada Cartage Announces Completion of Acquisition of D.J. Knoll Transport Ltd.

MARCH 6, 2015

Canada Cartage, the country’s largest fleet outsourcing provider, announced today the completion of the acquisition of D.J. Knoll Transport Ltd. Based in White City, Saskatchewan, D.J. Knoll is an asset-based transportation provider that specializes in hauling dry bulk freight, liquid bulk freight, and truck-load and LTL dry freight.

“We’re excited to have the staff, drivers and leadership team at D.J. Knoll join Canada Cartage,” says President and CEO Jeff Lindsay.

“This acquisition not only increases our scale of operations in Saskatchewan, but also gives us strategic entry into the dry bulk and liquid tanker markets,” adds Canada Cartage Vice President and General Manager for Manitoba-Saskatchewan, Dave Tardi. “We see excellent growth opportunities in the grain, fertilizer and other commodity markets in Western Canada.”

With approximately 100 staff and drivers, D.J. Knoll has an award-winning reputation in the trucking industry. The company was named as one of North America’s “Best Fleets to Drive For” in both 2012 and 2014 by the Truckload Carriers Association and CarriersEdge. The firm was also named one of PROFIT’s “500 Fastest Growing Companies in Canada” in 2013. D.J. Knoll will continue operations under the D.J. Knoll name and
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“Joining a well-capitalized, national firm like Canada Cartage will allow us to continue to invest, expand and provide innovative, customer-focused solutions,” says company founder and President, Dan Knoll. “This will create even better opportunities for our customers, our employees and our drivers.”

The financial details of the transaction were not disclosed.

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 the Vanguard freight management division. For more information, visit www.canadacartage.com.

About D.J. Knoll Transport Ltd.

D.J. Knoll Transport is an asset-based transportation provider of dry bulk freight, liquid bulk freight, and truck-load and LTL dry freight. In business for over 30 years, and headquartered in White City, Saskatchewan, the company focuses on serving customers in the agriculture and commodities sectors. With approximately 100 employees, including staff, company driver and owner-operators, D.J. Knoll is C-TPAT, PIP and FAST approved, allowing them to provide service from coast-to-coast in Canada as well as the United States. For more information, visit www.djknoll.com.

Media Contacts:

For more information, please contact:

Canada Cartage

David Zavitz, Senior Vice President

1115 Cardiff Blvd., Mississauga, ON L5S 1L8

P: 905-564-2115 ext 4300/E: dzavitz@canadacartage.com

D.J. Knoll Transport Ltd

Dan Knoll, President

4 Great Plains Industrial Drive, Emerald Park, SK S4L 1B6

P: 306-789-4824/E: dan@djknoll.com