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Mullen Group Ltd. To Acquire ContainerWorld Forwarding Services Inc.

Jan 17, 2024•almost 2 years ago

Acquiring Company

Mullen Group

Acquired Company

ContainerWorld Forwarding Services Inc

OkotoksRichmondSupply Chain ManagementLogistics

Description

Mullen Group Ltd. has entered into a letter of intent to acquire ContainerWorld Forwarding Services Inc. and its operating subsidiaries. This strategic acquisition reflects Mullen Group's focus on diversifying service offerings into verticals and markets with long-term opportunities. ContainerWorld's integrated logistics solutions for the alcoholic beverage industry will expand Mullen Group's operations in the provinces of British Columbia and Ontario, adding over one million square feet of warehousing space and expected annualized revenue of approximately $150.0 million.

Company Information

Company

Mullen Group

Location

Okotoks, Alberta, Canada

About

Mullen Group is a leading logistics and transportation company in Canada. It specializes in providing various transportation solutions, including freight transportation and logistics services. The company has achieved significant growth and ranks as the second-largest for-hire carrier in Canada. Mullen Group is focused on strategic acquisitions to enhance its service offerings.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed