Canadian private equity firm SeaFort Capital has acquired Jardine Transport Ltd, a long-haul trucking company that specializes in flatbed and drop-deck services. The financial terms of the deal were not published. Headquartered in Fredericton, New Brunswick, Jardine serves a base of customers in Western Canada, Ontario, Québec, Atlantic Canada, and the Northeastern United States. Concurrent with the transaction, the company appointed Dion Cull as its new president, replacing Robert Leonard, who is Jardine’s founder. In 2014, SeaFort bought Lloydminster, Saskatchewan-based Titanium Tubing Technology Ltd.
SeaFort Capital Announces Acquisition of Jardine Transport
HALIFAX, April 2, 2015 /CNW/ – SeaFort Capital Inc. (“SeaFort”) announced today that it has acquired Jardine Transport Ltd (“Jardine”). Jardine is a Fredericton-based long-haul trucking business that specializes in flatbed and drop-deck services. Founded in 1978 by Mr. Robert Leonard, Jardine has developed a reputation as a reliable operator. The Company services a broad customer base in Ontario, Quebec, Atlantic Canada, Western Canada and the Northeastern United States.
SeaFort today also announced the appointment, effective immediately, of Dion Cull as President of Jardine. Mr. Cull will assume leadership of the company from Mr. Leonard, who will retire.
“Jardine is a well-run business with excellent employees. The company has been servicing an impressive base of loyal customers for decades. The addition of Dion Cull to the management team will provide an orderly transition of leadership. Mr. Cull is a skilled operator and a proven leader. We are very pleased to partner with him on this opportunity” said Rob Normandeau, President of SeaFort.
Dion Cull commented “I am excited to work with the existing management team as we continue to service Jardine’s established customer base. With support from SeaFort, I plan to grow and develop the company in the coming years.”
Halifax-based SeaFort Capital makes controlling investments in small and medium sized Canadian businesses and partners with experienced managers to build value. Learn more about SeaFort Capital at www.seafortcapital.com.
SOURCE SeaFort Capital Inc.
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