Contrans buys small Alta oil services fleet
WOODSTOCK, Ont. — Its fourth fleet acquisition of the month, Contrans announced it has purchased the pneumatic trucking business of TBM Transportation in Edmonton, Alta.
Financial terms were not revealed.
The 10-truck, 21-trailer fleet will be folded into Contrans’ Tri-Line Carriers in Calgary, which operates both flatbed and pneumatic tank equipment.
TBM’s pneumatic tank trucks primarily haul specialized chemicals used in the oil and gas drilling industry.
"TBM is a well-established carrier that has been transporting materials to drilling operations in Western Canada," said Contrans’ chairman and CEO Stan Dunford.
"This operation is particularly attractive to us as we believe that this is a market that has excellent growth prospects.
In addition, we expect the new business will complement Tri-Line’s tank operation in a way that will improve the utilization of our entire fleet of pneumatic tanks based in Western Canada."
Earlier this month, Contrans acquired two Quebec bulk haulers — Enterprises S&S and Logistique Barthelemy – and Aim Transportation Systems, a flatbed carrier based in Hamilton.
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