Contrans strengthens Northeast U.S. presence
WOODSTOCK, Ont. (Sept. 30, 2002) – Contrans Income Fund has announced that Glen Tay Transportation, a partnership controlled by the fund, has purchased all the trucking assets of Quinn Bros. Corp., a Vermont-based company specializing in bulk truckload transportation in the Northeastern U.S. Financial details of the deal were not released.
The deal consists of all transportation and related equipment, as well as a terminal/distribution facility in Highgate, Vt. Quinn Bros. has annual revenues of about $3.2 million Cdn.
“Although the acquisition is relatively small, it is a good strategic fit in that it allows Contrans to expand its truckload services and provide a broader range of services for existing and new customers,” Stan Dunford, CEO of Contrans said in a press release.
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