Prescott and Alliston ON, October 1, 2019
Kriska Transportation Group has announced its acquisition of Trailwood Transport Ltd and Nexus Freight Ltd out of Alliston, Ont.
Trailwood and Nexus will continue to be led by General Manager Lorie Thompson and its current management teams. Mark Beckstead, Trailwood’s former owner, will represent the company going forward with a focus on maintaining key customer relationships and growth.
“Trailwood and Nexus are great strategic fits with the Kriska Transportation Group,” said Kriska CEO, Mark Seymour. “Their culture and results are a welcome addition to the KTG family. Trailwood’s expertise in the automotive industry brings further diversification to our industry mix. The addition of Nexus gives us the local capacity to help supplement our current network needs. We expect to find many synergies and opportunities to help both businesses grow profitably.”
“Becoming part of KTG offers Trailwood and Nexus the opportunity to lower our cost base, bring long term stability to our business and collaborate with other transportation professionals in the KTG family.” Added Beckstead “We’re excited to be part of a group that values our brand strength and who are like-minded as it relates to trucking.”
Trailwood Transport Ltd, founded in 1984, is a family-owned transportation company that offers domestic and cross-border truckload services, specializing in the automotive industry. It operates a fleet of 112 power units comprised of 69 company trucks and 43 owner-operators and 385 dry van trailers.
Nexus Freight Ltd is a local cartage carrier, servicing Southern Ontario with both 53’ dry vans as well as a small fleet of straight trucks. It operates 20 power units and 12 trailers driven by company drivers and Owner Operators.
About Kriska Transportation Group
Kriska Transportation Group (KTG) is a growth-oriented transportation and logistics company based in Prescott, ON. KTG owns a collection of independently operated companies, with a strong focus on cross border, truckload freight and logistics. KTG seeks to invest in companies with best-in-class safety, driver retention, and financial results, based in Eastern Canada. KTG’s brands include Kriska Holdings Limited, Mill Creek Motor Freight LP, JMF Transport (1992) Ltée., TransPro Freight Systems Limited, Service Freight Systems, BTC Express,Icon Transportation Logistics Ltd, Champion Express, Trailwood Transport Ltd. and Nexus Freight Ltd.
For further information on Kriska Transportation Group Limited, please contact:
Mr. Mark Seymour – President & Chief Executive Officer
Mr. Pierre Carrier – Chief Financial Officer
850 Sophia Street
Prescott, ON, K0E 1T0