Mullen Group is looking to add the Cole Group to its portfolio.
The Okotoks-based company recently announced that it’s entered into a “definitive share purchase agreement” to acquire the shares of the full-service logistics provider.
“Not only is the Cole Group an industry leader in customs brokerage and trade consulting, which happens to be one of the most talked about issues of the day, they have a sizeable 3PL freight service offering, a service that aligns very closely with our U.S. & International Logistics segment. These will be great additions to the Mullen Group,” Murray Mullen, chair and senior executive officer of the Mullen Group, said in a news release.
“The Cole Group will continue to be overseen by the current senior leadership team, a very talented and seasoned group, who are supported by over 700 professional associates. Together we will build on the legacy of the founders. I am both delighted and honoured to welcome the Cole Group into our growing organization.”
The transaction, which is still subject to regulatory approval, is expected to close in the second quarter of 2025.
SEE ALSO
• Google acquiring cloud security startup Wiz for $32 billion
• Microsoft acquires video game giant Activision Blizzard for $69 billion
• Bench Accounting being acquired by Employer.com after abrupt closure
In Canada, the “seller” of the business is responsible for...
It’s that time of the year again when taxpayers across the country start filing their Income Tax Returns (ITR). But hold on. If you’re all set to hit submit, take a moment and double-check your re...