Okotoks-based Mullen Group Ltd. has acquired Argus Carriers Ltd. and Inter-Urban Delivery Service Ltd., which provide transportation and logistics services in the Lower Mainland of Vancouver.
“I am extremely pleased that Argus and Inter-Urban will now be part of our organization,” said Murray Mullen, chairman and chief executive officer, in a news release. “They are another perfect example of the type of investments we make on behalf of our shareholders – profitable, well managed with a strong regional presence. These businesses have a long standing history of providing a quality trucking/logistics service in the province of British Columbia, a tradition we intend to continue to build upon. I would also like to thank Jamil Murji and the ownership group for entrusting the future of these businesses to Mullen Group. We intend to further invest in both companies to capitalize on new opportunities.”
Argus was founded in 1948 and has about 95 employees, operating a fleet of 57 trucks and 46 trailers providing general freight services including: local pickup and delivery, warehousing, regional less-than-truckload (LTL), dedicated and line haul trucking from four British Columbia operating terminals – Burnaby, Kelowna, Victoria, and Nanaimo. Also, Argus provides daily LTL service to the Pacific Northwest of the United States.
Inter-Urban was founded in 1974 and has about 70 employees, operating 43 trucks and 26 trailers focusing on critical same day delivery service for the health-care sector including: cross border line haul, cross-border LTL cartage, dedicated and local pickup and delivery. Inter-Urban operates from one terminal based in Abbotsford, B.C.
Mullen said the acquisitions of Argus and Inter-Urban align with its strategy of acquiring transportation and logistics companies that have a strong regional LTL presence centrally located to serve consumers in large urban centres. Collectively, these two business units have generated approximately $25 million in annual revenue, it said.