Vaccine rollout drives $90M price tag for pharma carrier Skelton

A tractor-trailer of Skelton Truck Lines. Most of the company is being solid at a premium price because of the COVID-19 vaccine rollout.

Canadian health care logistics provider Andlauer Healthcare Group (AHG) has agreed to acquire most of a small pharmaceutical trucking company, Skelton Truck Lines, for nearly CA$115 million ($91 million) in a deal that reflects the high premiums associated with the rollout of COVID-19 vaccines in Canada and the United States.  

AHG (TSX: AND) is buying 100% of the 100-truck Skelton Canada and a 49% stake in the 70-truck Skelton USA from the family-owned Skelton Companies, with an option to buy...$90m-price-tag-for-pharma-carrier-skelton

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