The Canada Brief

Economy · 15 d ago

A transport truck on a highway

Mullen Group buys customs broker Willson International

Mullen Group, a trucking and logistics company based in Okotoks, Alberta, signed a deal to buy Willson International, a customs brokerage firm with operations in Canada and the US.

Willson's expected annual revenue

80 million $

Willson has more than 330 employees and is expected to bring in about $80 million a year in revenue, Mullen Group said.

What we know

  • Closing expected in the fourth quarter
  • Management stays, led by Jim McKinnon
  • Paid from Mullen's existing cash

Not yet

  • The price

Financial terms were not disclosed; Willson will run as a stand-alone business under its current management, led by Jim McKinnon, and the deal is expected to close in the fourth quarter.

And us?

For Canadian shippers, the deal adds Willson to Mullen's customs brokerage business, Cole International, across Canada and the US.