Canadian transportation services provider Canada Cartage has closed its previously announced purchase of Vanguard Global Services Inc. The financial terms of the transaction were not published. The company said the addition of Vanguard brings supplementary transportation management expertise and technology to its logistics portfolio. Based in Mississauga, Ontario, Canada Cartage has been backed by U.S. private equity firm Nautic Partners since 2007.
PRESS RELEASE
Canada Cartage Completes Acquisition of Vanguard Global Services
Combined companies will provide complete asset and non-asset based transportation solutions to North American companies.
WireService.ca Press Release (01/08/2015) Mississauga, ON – Canada Cartage, the country’s largest asset-based fleet outsourcing provider, announced today the completion of the acquisition of Mississauga-based Vanguard Global Services Inc. The acquisition was previously announced on December 15, 2014. 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 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.
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.
About Vanguard
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, transborder distribution programs, and order fulfillment and returns management through its Mississauga-based distribution centre. For more information about Vanguard, visit www.vanguarddelivers.com.
Photo courtesy of Canada Cartage
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