CALGARY, Nov. 7 /PRNewswire-FirstCall/ -- Trimac Income Fund announced today that Trimac Transportation Services Limited Partnership ("Trimac") has completed the purchase of the petroleum hauling business and related assets of Stan Fergusson Fuels Ltd. ("Fergusson Fuels") based in eastern Ontario. The purchase price for the business was $4.1 million and includes a fleet of 17 tractors and 17 trailers with annual revenues of approximately $5.6 million.
In commenting on the acquisition, Terry Owen, CEO, said: "We are excited to have Fergusson Fuels become a part of the Trimac organization. Fergusson Fuels expands our customer base and geographic footprint of petroleum operations in Ontario and is expected to be accretive immediately due to synergies associated with other Trimac operations."
Trimac Income Fund is an unincorporated, open-ended limited purpose trust created for the purpose of acquiring and holding an indirect interest in Trimac. Trimac is Canada's largest provider of bulk trucking services with operations from coast to coast. In addition, through its wholly owned subsidiary, Bulk Plus Logistics Limited Partnership, Trimac provides third party transportation logistics services in Canada and the United States. Trust units of Trimac Income Fund are traded on The Toronto Stock Exchange under the symbol TMA.UN.
