Day & Ross to acquire Wesbell Logistics

HARTLAND, N.B. — The Day & Ross Transportation Group has signed of an Asset Purchase Agreement for the acquisition of Wesbell Logistics Services, a division of The Wesbell Group of Companies Inc.

The transaction is subject to the completion of due diligence from the Competition Bureau and Transport Canada. Terms were not disclosed.

Mississauga, Ont.-based Wesbell offers dedicated contract carriage and value-added parts distribution, the fastest growing segment in the trucking industry. Wesbell Logistics also offers complementary services such as warehousing and route management.

“Day & Ross is committed to the expansion and enhancement of our services throughout North America and our outstanding team has positioned us very well to take this next growth step,” said John Doucet, president and CEO. “In Wesbell Logistics, we have found an attractive strategic asset with a like-minded partner who shares our values and our commitment to the highest-quality service.

“We are acquiring Wesbell Logistics as a going concern and will merge their operations with the Day & Ross Dedicated Transportation business under the leadership of Paul C. Mazze, currently the vice-president and general manager of Wesbell Logistics.”

Mazze will work alongside Wayne Morin at Day & Ross to integrate the two teams into a single unit focused on offering an optimal blend of transportation services to our customers, added Doucet.

“The combination of Wesbell Logistics’ Eastern Canada multi-client distribution network with Day & Ross’ cross-Canada network positions us well for continued growth as the low-cost transportation supplier.”

Mazze commented that the company felt that the best means to leverage the advantages of Wesbell Logistics was through a combination “with a great strategic partner.”

Day & Ross is a wholly-owned division of McCain Foods Limited.