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Mullen Group - M&A Summary and Business Overview

TransportationCompany

Mullen Group M&A Summary

Mullen Group has acquired 18 companies, including 10 in the last 5 years.

Mullen Group’s largest acquisition to date was in 2015, when it acquired Gardewine Group for $172M. Mullen Group has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include transportation (84%) and energy services and equipment (6%).

Mullen Group Business Overview

Where is Mullen Group headquartered?

Mullen Group is headquartered in Okotoks, Alberta.

What is Mullen Group’s revenue?

Mullen Group disclosed revenue of 1,995M CAD for 2023 and 1,999M CAD for 2022.

How many employees does Mullen Group have?

Mullen Group has 7,400 employees.

What sector is Mullen Group in?

Mullen Group is a transportation company.

When was Mullen Group founded?

Mullen Group was founded in 1949.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity18
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 1

Mullen Group

Mullen Group Ltd.

Chimney Rock Centre 121A-31 Southridge Drive,
Okotoks, Alberta T1S 2N3
Canada,
(403) 995-5200
www.mullen-group.com

Mullen Group provides a wide range of specialized transportation and related services to the oil and natural gas industry. Mullen Group was founded in 1949 and is based in Okotoks, Canada.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.8/yr) # 9 6 - 1 1 1 18
vol $172M $40M $212M
Sell (0.0/yr) # - - - - - - 0
  18

Most Recent M&A

Company Date Value Type
Cole International, Inc. 2025-04-14 - Add-on Acquisition
Calgary, Alberta · www.coleintl.com
ContainerWorld Forwarding Services, Inc. 2024-01-17 - Add-on Acquisition
Richmond, British Columbia · www.containerworld.com
B&R Eckel's Transport Ltd. 2023-05-01 - Add-on Acquisition
Bonnyville, Alberta · www.breckels.com
R.S. Harris Transport Ltd. 2021-07-01 - Add-on Acquisition
Winnipeg, Manitoba · www.harristransport.ca
QuadExpress 2021-06-30 40M USD Divestiture
Naperville, Illinois · www.shipquadexpress.com
Tripoint Intermodel Services, Inc. 2021-06-24 - Add-on Acquisition
Mississauga, Ontario · www.tripointintermodal.com
Bandstra Transportation Systems Ltd. 2021-04-16 - Add-on Acquisition
Smithers, British Columbia · www.bandstra.com
Babine Truck & Equipment Ltd. 2021-04-16 - Add-on Acquisition
Prince George, British Columbia · www.babinetruck.com
Apps Transport Group 2021-03-08 - Add-on Acquisition
Mississauga, Ontario · www.appsexpress.com
International Warehousing & Distribution, Inc. 2020-10-02 - Add-on Acquisition
Mississauga, Ontario · www.iwdgroup.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Transportation 15 (83%) 212M (100%) - -
Automotive 1 (6%) - - -
Distribution 1 (6%) - - -
Energy Services and Equipment 1 (6%) - - -
Total 18 $212M - -

By Geo

State/Country Buy Value Sell Value
Canada 17 172M - -
  British Columbia 5 - - -
  Alberta 5 - - -
  Ontario 4 - - -
  Manitoba 2 172M - -
  Saskatchewan 1 - - -
United States 1 40M - -
  Illinois 1 40M - -
Domestic 17 (94%) 172M (81%) - -
Cross-border 1 (6%) 40M (19%) - -
Total 18 $212M - -

Deal Values

buy # Total
$100M to $1B 1 $172M
< $100M 1 $40M
TOTAL $212M
Largest Gardewine Group, Inc.
$172M (2015-01-12)

M&A Connections

Deals
Acquired from
Strategic(s)
6%
1 (6%)

Company Summary

SECTOR

Transportation

Revenue

1,995   1% 2023
1,999   36% 2022
1,477   27% 2021
1,164   9% 2020
1,279   2% 2019
1,261   11% 2018
1,138   10% 2017
1,035   15% 2016
1,214   15% 2015
1,428   2014
(millions of CAD) Show More Show Less

Employees

7,400

Established

1949

Public

Toronto (TSX): MTL

Former Name

Mullen Group Income Fund

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