Inside Logistics

Canada Cartage Announces Proposed Acquisition of Vanguard Global Services


December 15, 2014
by

TORONTO, Ont.–Canada Cartage has announced its proposed acquisition of Mississauga-based Vanguard Global Services Inc. Vanguard is a third-party logistics firm that has been providing innovative, customized supply chain solutions to Canadian and U.S. companies since 1999. The transaction is expected to close in January, 2015, said a release.

The addition of Vanguard to the Canada Cartage group of companies aims to bring additional transportation management expertise and leading-edge technology to the company’s logistics portfolio, said the release. Canada Cartage will now be able to deliver national fleet outsourcing, warehousing and distribution through their Direct Distribution Centres division, and complete third-party transportation management in both Canada and the U.S. through Vanguard.

“We are very excited about adding the expertise and experience of the Vanguard management team and staff to Canada Cartage,” said Jeff Lindsay, President and CEO of Canada Cartage. “Vanguard is a very successful and innovative company in the transportation management space, and they will allow us to bring a complete logistics solution to our customers.”

Vanguard President Richard Court believes that the combination of the two companies’ services will be beneficial to customers on both sides. “We like Canada Cartage’s leadership team and corporate culture, and look forward to building a successful partnership together, and with our customers”. Vanguard’s Vice President Sales and Marketing, Mark Bates, added “Canada Cartage has the resources and national footprint to help Vanguard’s customers achieve more efficient and cost-effective supply chain solutions.”

The financial details of the transaction were not disclosed, and the acquisition is expected to close by the end of January, 2015.