Contrans Group Inc. Acquires Peter Hodge Transport Limited
WOODSTOCK, ON, June 1, 2012 /CNW/ - Contrans Group Inc. (TSX: CSS)
announced today that it has acquired Peter Hodge Transport Limited, a
bulk trucking business, located in Milton, Ontario. Since 1971, the
business has provided specialized transportation services using
open-top dump trailers and liquid tank trailers. It is expected that
this acquisition will produce annual revenue of approximately $20
million (including fuel surcharges). The company operates 92 highway
tractors and has 140 trailers in the fleet.
"The managers, staff and drivers at Peter Hodge Transport have spent
over 40 years building a great company" stated Contrans' Chairman and
Chief Executive Officer Stan Dunford. "This is a unique opportunity
for us to strengthen our dump and tank hauling presence in Ontario by
adding such a well-respected, service-oriented business to our group.
For many years, we have operated a similar business in the Great Lakes
region, but the shipping lanes and trailer types have differed from
those typically handled by Peter Hodge Transport. This is a
complementary addition to our service offerings."
The Vendor was represented by TransFunds Investment Banking.
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