One of Canada’s largest transportation and logistics providers is being acquired by a United Arab Emirates state-owned investment fund. Abu Dhabi-based Mubadala Capital has reached an agreement to purchase trucking and logistics company Canada Cartage in a deal announced Monday.
Based in the Toronto area, Canada Cartage was founded in 1914. Today, it’s one of the largest trucking companies in the country, with 4,000 tractors and trailers, 3,500 employees and a network of 33 terminals,...
https://www.freightwaves.com/news/canada-cartage-acquired-by-private-equity-firm