- SeaFort Capital invested in Jardine Transport in 2015
- K&T Transport is an open-deck, dry van and logistics transportation company
- Tim Linton will remain general manager of K&T Transport
SeaFort Capital-backed Jardine Transport Group announced this week July that it has agreed to acquire K&T Transport. K&T Transport is an open-deck, dry van and logistics transportation business based in Plaster rock, New Brunswick. It operates a fleet of 60 power units throughout Canada and the US.
Halifax-based Seafort Capital invested in Jardine Transport in 2015. It looks to make direct private investments in low-mid-market businesses across Canada. In June, it acquired a majority stake in Parts for Trucks a Dartmouth, Nova Scotia-based heavy-duty aftermarket parts distributor and truck and equipment service provider as reported by PE Hub.
Jardine Transport Group, an Atlantic Canadian truckload carrier founded in 1978, has made five acquisitions since the investment from SeaFort.
“The acquisition of K&T is consistent with our strategy of building a leading transportation company based in Atlantic Canada,” said Dion Cull, president of Jardine Transport Group. “Tim Linton has built a very strong business and I’m pleased that he will remain as General Manager of K&T. The company has a long track record of success and will complement our existing operations very well.”
“I am pleased to have completed this transaction with Jardine Transport Group,” said Tim Linton, president of K&T. “I believe Jardine Transport Group will be a great owner of K&T and I am confident that we will continue to deliver strong service to our customers while providing excellent opportunities for our employees.”