Mergers & AcquisitionsBy The Online Investor Staff, updated Sat., Sep. 19, 8:14 AM
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Slide #71. Mullen Group Ltd. — Pacific Coast Express Limited
Mullen Group Ltd. (TSE:MTL.CA)
Pacific Coast Express Limited
Mullen Group Ltd. ("Mullen Group", "We", "Our" and/or the "Corporation") is pleased to announce that it has acquired the remaining 60.0 percent of the shares of Pacific Coast Express Limited ("PCX") that the Corporation did not already own (the "Transaction"). In 2018, Mullen Group made an equity investment in PCX as part of our strategy of investing in quality companies providing less-than-truckload, logistics and warehousing services. In addition to this Transaction, Mullen Group will acquire two (2) of PCX's operating facilities, one in Calgary, Alberta and one in Winnipeg, Manitoba. The Transaction closed on September 1, 2020.
Mullen Group is engaged in the provision of transportation and related services to the oil and natural gas industry, primarily in western Canada. Co. operates two operating segments: Oilfield Services and Trucking/Logistics. The Oilfield Services segment primarily provides transportation services to the oil and natural gas industry which includes exploration and development companies and production and natural gas transmission companies. The Trucking/Logistics segment provides both long haul and local transportation services to customers in various industries.
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