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Dartmouth-based Jardine Transport is taking over R.E.M. Transport, an international, long-haul trucking company based in the southern New Brunswick community of Saint Stephen.

“This is a strategically important transaction for Jardine. The acquisition adds scale to our existing operations and increases network density, which will result in improved overall efficiency,” Dean Cull, Jardine Transport’s chairman, said in a statement.

The dollar value of the deal announced Wednesday was not divulged.

Since April 2015, Jardine Transport has been owned by Halifax-based SeaFort Capital, an investment firm controlled by the Sobey and McCain families. When SeaFort Capital picked up Jardine Transport, it was then based in Fredericton, New Brunswick.

With its announcement Wednesday that it has acquired all the outstanding shares of R.E.M. Transport, Jardine is picking up another 50 trucks and 60 trailers and adding roughly 70 employees.

R.E.M. Transport president and co-owner Graydon Murphy said he and his partner will stay on during a transitional phase to provide support to Jardine Transport’s management team.

“We are pleased to have completed a transaction with Jardine Transport, a member of the SeaFort group of companies,” said Murphy in a statement. “We know that our employees will be well looked after and that the company will have access to capital and additional resources that will support future growth.”

See Orignal News Posting
http://thechronicleherald.ca/business/1485744-jardine-transport-buys-n.b.-trucking-firm


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DARTMOUTH, NSJuly 12, 2017, /CNW/ – Jardine Transport Ltd. (“Jardine Transport”) announced today that it has acquired all of the outstanding shares of R.E.M Transport Ltd. (“R.E.M. Transport”), an international long-haul trucking company based in Saint Stephen, New Brunswick. R.E.M. was established in 1973 and currently operates a fleet of more than fifty power units and sixty trailers servicing customers throughout most of Canada and the United States. The company has approximately seventy employees.

“This is a strategically important transaction for Jardine. The acquisition adds scale to our existing operations and increases network density, which will result in improved overall efficiency” said Dean Cull, Chairman of Jardine Transport.

Dion Cull, President of Jardine Transport, commented “I have a lot of respect for Graydon Murphy and Mike Bishop, and I am impressed by what they have been able to accomplish at R.E.M. Transport. The company has established a loyal base of customers by delivering reliable, efficient service across a network of key lanes. We look forward to working with Graydon, Mike and the entire R.E.M. Transport team”.

Graydon Murphy, President, and co-owner of R.E.M. Transport stated “We are pleased to have completed a transaction with Jardine Transport, a member of the SeaFort group of companies. We know that our employees will be well looked after and that the company will have access to capital and additional resources that will support future growth. Mike and I will stay involved with the business on a transitional basis, to provide support to Dion and the Jardine team”.

About Jardine Transport
Founded in 1978, Jardine Transport has developed a reputation as a reliable carrier. The Company services a broad customer base in Ontario, Quebec, Atlantic Canada, Western Canada and the United States from its offices located in Fredericton and Saint Stephen, New BrunswickDartmouth, Nova Scotia, and St. John’s, Newfoundland. Jardine is part of the SeaFort group of companies. Learn more about Jardine at http://jardinetransport.ca/.

About SeaFort
Halifax-based SeaFort Capital makes controlling investments in small and medium-sized Canadian businesses and partners with experienced managers to build value.

SOURCE Jardine Transport Ltd.

For further information: Dion Cull, President, Jardine Transport Ltd, (902) 407-2501

See Orignal News Posting
https://www.newswire.ca/news-releases/jardine-transport-acquires-rem-transport-634035763.html


Jardine-Transport

JARDINE TRANSPORT

60 Melissa Street, Unit 1
Richibucto Road, New Brunswick
Canada
E3A 6W1
Local 506-453-1811
Fax 506-453-1897
Toll-Free 1-800-561-0206

R.E.M. TRANSPORT

4 Hall Road
Old Ridge, New Brunswick
Canada
E3L 5E1
Local 506 466-2918
Fax 506 466-6388
Canada 1-800-561-9049
U.S. 1-800-561-0103

OFFICE HOURS

Monday – Friday
8 AM – 5 PM

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