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On Dec. 16, 2022, Express Mondor, a Quebec-based oversized loads and heavy equipment hauling company, announced its acquisition of W.J. Deans Transportation. This deal positions the merged entity as one of Canada's largest flatbed trucking groups. The acquisition was supported by National Bank Private InvestmentTM (NBPI) and Desjardins Capital, who will now be equal minority shareholders in Express Mondor and its affiliated companies. Express Mondor, established in 1995, oversees subsidiaries Express Mondor, Transport L'Épiphanie, and Les Établissements Dubois. With a fleet of 130 trucks and 425 trailers, it ranks among Quebec's 100 largest SMEs and has one of its top 20 fleets. W.J. Deans Transportation, founded by Bill Deans in 1986, specializes in transporting metals and is based in Delson with a terminal in Stoney Creek, Ontario. It operates 40 trucks, 125 trailers, and boasts an experienced team in metallurgical goods transportation. Victoria and Valérie Deans, company executives, will remain post-acquisition to assist in the transition. Éric Mondor, CEO of Express Mondor, emphasized the acquisition would strengthen their North American presence. Victoria and Valérie Deans voiced their excitement about the future synergies and growth. Representatives from NBPI and Desjardins Capital both highlighted Express Mondor's exemplary reputation and the potential benefits of this merger. Finalization of the transaction is pending customary conditions and regulatory approvals. Transaction value is not disclosed.
Parties
Company
W.J. Deans Transportation
Company
Desjardins Capital Markets
Bank
National Bank of Canada
Company
Express Mondor
Deal Type
Merger & AcquisitionIndustry
TransportationTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
16 December 2022