Jardine Transport Group has acquired Gil Trucking, a Saint-Jacques, New Brunswick-based open-deck, long-haul trucking company.
No financial terms were disclosed. The seller was President Danny Soucy, who will remain with the business as general manager.
Established in 1987, Gil Trucking operates a fleet of more than 40 power units servicing customers in Canada and the United States.
Jardine, a Fredericton-based long-haul truckload carrier, said the acquisition increases its fleet to 150 power units and will expand its geographic coverage and customer base.
Jardine was acquired in 2015 by Canadian private equity firm SeaFort Capital.
Jardine Transport Group Acquires Gil Trucking
DARTMOUTH, NS, June 4, 2019 /CNW/ – Jardine Transport Group announced today that it has acquired Gil Trucking, an open-deck, long-haul trucking company based in Saint Jacques, New Brunswick. Gil Trucking was established in 1987 and currently operates a fleet of more than forty power units servicing customers in Canada and the United States. With this latest acquisition, Jardine Transport Group operates a fleet of 150 power units and is the fastest growing truckload carrier in Atlantic Canada.
“The acquisition of Gil Trucking represents a continuation of Jardine Transport Group’s growth strategy that will enhance our geographic coverage and expand our customer base” said Dean Cull, Chairman of Jardine Transport Group.
Dion Cull, President of Jardine Transport Group, commented “Danny Soucy has built a very strong business, and I am pleased that he will remain as General Manager of Gil Trucking. The company has earned a loyal base of customers and assembled a high calibre team of employees and owner-operators. We welcome Danny and the entire Gil Trucking team to Jardine Transport Group”.
Danny Soucy, President and owner of Gil Trucking stated “We are pleased to have completed a transaction with Jardine Transport Group, a member of the SeaFort group of companies. I believe Jardine Transport Group will be an excellent owner of Gil Trucking, and I look forward to working with Dion and the Jardine Transport Group team to pursue further growth opportunities”.
About Jardine Transport Group
Founded in 1978, Jardine Transport Group has grown to become a leading Atlantic Canadian truckload carrier. The Company services a broad customer base in Ontario, Quebec, Atlantic Canada, Western Canada and the United States from its offices located in Fredericton, Saint Stephen and Saint Jacques, New Brunswick, Dartmouth, Nova Scotia, and St. John’s, Newfoundland. Jardine Transport Group is part of the SeaFort group of companies. Learn more about Jardine at http://jardinetransport.ca/.
Halifax-based SeaFort Capital makes controlling investments in small and medium sized Canadian businesses and partners with experienced managers to build value.
For further information: Dion Cull, President, Jardine Transport Ltd, (902) 407-2501