Polaris Transportation Group Is Pleased to Announce That J.G. Drapeau Ltd. Has Entered Into an Agreement to Acquire the Ontario LTL Division of Mainliner Freightways Ltd.
TORONTO (PRWEB) June 20, 2018 -- Polaris Transportation Group (PTG) is pleased to announce that J.G. Drapeau Ltd. has entered into an agreement to acquire the Ontario LTL division of Mainliner Freightways Ltd. and transition into the 150,000 square foot cross dock and warehousing facility located at 280 Belfield Rd. The acquisition is expected to be completed on July 3, 2018. Mainliner’s LTL fleet will continue to serve the Southwestern Ontario to Ottawa corridor and in doing so, will significantly increase the Polaris/Drapeau LTL and warehousing capacity in the Ontario market. Mainliner’s LTL business boasts a blue chip customer base, dedicated team of professionals and a track record of strong performance since 1993.
Dave Cox, President of Polaris Transportation Group says, “This allows our Group of Companies to more quickly expand our already large LTL service coverage in Ontario. We have relationships with a significant number of premium shippers across North America and an acquisition like this gives us more opportunity to enhance our leadership position. With this acquisition, J.G. Drapeau more than triples in size, as our growth initiatives for that business continue to gain momentum with team members and customers.”
As PTG looks to continue to grow what is already the largest privately held Canadian cross border LTL fleet, this acquisition reinforces its growth strategy to be a premier transportation and supply chain partner for its customers. This acquisition marks the 4th acquisition in the company’s history and second in 12 months.
The Parisi family shares “The next generation of leaders within our LTL unit will benefit from all the opportunities a large organization like Polaris Transportation Group can bring, coupled with what we believe to be an excellent cultural fit. PTG’s operational focus, with a passion around safety and well-being for employees, makes them an excellent fit for our team and long-standing customers and suppliers.”
About Polaris Transportation Group
Polaris Transportation is the largest Canadian privately held cross border LTL carrier serving every US zip code and Canadian postal code on a daily basis. For nearly 25 years, Polaris has been a carrier of choice for Fortune 500 companies, 3PLs, global freight forwarders and small to medium size businesses alike. The Polaris Transportation Group is comprised of five operating divisions that are not only leading providers of cross border LTL but of global logistics and hazmat certified warehousing and transport. Leading technology, sustainable growth and a collaborative spirit are hallmarks of their brand and delivering as promised, their commitment to their customers. For more information, please visit their website at polaristransport.com #CrossBorderPros
Jon Saunders, Polaris Transportation Group, http://www.polaristransport.com, +1 800-409-2269 Ext: 1276, [email protected]
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